The Expert RA rating agency has affirmed the credit rating of ER-Telecom Holding JSC at ruBBB + with a positive outlook.
The agency has a positive assessment of the company's business profile. The demand and prices for the services of telecom operators are stable and practically not subject to external economic shocks. Therefore, Expert RA assesses the telecommunications industry as extremely stable, despite the overall situation in the economy.
Good debt service and strong financial and operational performance in 2020 also had a positive impact on the company's profile assessment.