  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 |  Related sections Latest news Russia provides info about arrested Armenian ex-MP  Russian law enforcement agencies have provided information about the arrest of Tigran Urikhanyan.Lemkin Institue slams Pashinyan's “cryptic engagement with Genocide denial” The Lemkin Institute is alarmed over Pashinyan’s statements “questioning Armenia's legal basis to pursue justice against Turkey”.41 detained as antigovernment protests continue in Yerevan 41 people were detained in Yerevan as people demanding Pashinian’s resignation stage campaigns of civil disobedience.Armenia votes for UN resolution granting Palestine new rights The U.N. General Assembly voted by a wide margin on May 10 to grant new “rights and privileges” to Palestine. |
