Moody's confirmed Comstar Ba3 corporate family ratingsJune 22, 2009 - 18:51 AMT PanARMENIAN.Net - COMSTAR - United TeleSystems JSC, the largest integrated telecommunications provider in Moscow and 69 Russian cities, today announced that Moody's Investors Service has confirmed its Ba3 corporate family ratings with a stable outlook for Comstar and its 55.73% owned subsidiary, Moscow City Telephone Network (MGTS). "Moody's ratings with a stable outlook once again prove that, even in the current challenging economic environment, Comstar manages to maintain its strong market position and demonstrate solid financial results. The ratings attest that we have been following the right strategy and have a stable platform for continued growth," said Sergey Pridantsev, President and Chief Executive Officer of Comstar UTS. Comstar is the major shareholder of Cornet Armenian internet provider. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Armenia-Qatar ties discussed in Doha The Secretary of Armenia’s Security Council met with the Deputy Secretary General of the National Security Council of Qatar. ARARAT special evening dedicated to Aznavour's 100th Anniv. On May 20 ARARAT legendary Armenian brandy, celebrated the centennial of Maestro Charles Aznavour with a special event. Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province. Armenia calls for prohibiting threats of attacks on nuclear facilities Armenia has raised the need for a treaty prohibiting attacks on nuclear facilities devoted to peaceful purposes. |