Rating agency Fitch changed the profile of Transtelecom, downgrading the company’s outlook from “positive” to “negative”. Still, the agency affirmed Transtelecom’s long-range IDR (issuer default rating) at “B+” and short-term IDR at “B”. The agency’s national currency IDR for Transtelecom also remained at “B+”.  

The national long-range rating assigned to Transtelecom was “A-”, qualified by a negative outlook. Senior unsecured debt rating has been affirmed at “B+”, even as the internal senior debt rating was reduced to “A-”.

Transtelecom is a leader in telecom operations on the Russian market. The company is a wholly-owned subsidiary of the Russian Railways.