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S&P revises rating outlook for Russian Sistema holding from negative to stable

July 24, 2015, 20:02 UTC+3 LONDON
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LONDON, July 24. /TASS/. S&P revised the corporate credit rating outlook for the Russian Sistema holding set at ‘BB’ from negative to stable, the international rating agency said on Friday.

The outlook change reflects Sistema's successful settlement of the civil case related to Russian oil company Bashneft, S&P said.

The stable outlook also reflects expectation of the rating agency that Sistema is committed to maintaining a loan-to-value ratio below 20% and total coverage ratios above 1x, S&P said.

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