OREANDA-NEWS. Fitch Ratings has today changed the Outlooks on OAO Uralsvyazinform's ("Urals") Issuer Default and National Long-term ratings to Stable from Negative. The Issuer Default rating is affirmed at 'B+' and the National Long-term rating at 'A-(A minus)(rus)'. The Short-term rating is affirmed at 'B'.

The company's three domestic bonds of RUB2 billion, RUB2bn and RUB3bn are affirmed at National Long-term 'A-(A minus)(rus)'. At the same time, Fitch has assigned Urals' RUB3bn bond issue 7 maturing in March 2012 a National Long-term 'A-(A minus)(rus)' rating.

The Outlook change reflects Urals' plans to reign in its capital expenditure, which should have a positive impact on its free cash flow generation and leverage.