OREANDA-NEWS.  Moscow - Tele2, an alternative mobile operator, reports that Expert RA rating agency has assigned long-term creditworthiness rating at “A+” (Stable Outlook) to LLC T2 RTK Holding.

Rating at “A+” means very high credit solvency, whereas a Stable Outlook points to a lack of any factors able to affect the current rating in mid-term.

LLC T2 RTK Holding is a joint enterprise set up as a part of consolidating mobile assets of OJSC Tele2 Rossiya Holding AB and OJSC Rostelecom. Following the closure of the deal on setting up a new federal operator the company will work in over 60 regions under Tele2 brand.

Analytics of Expert RA have pointed out the following positive factors: good marginality ratios (EBITDA margin at 37%), moderately high capital adequacy and promising prospects for the development of a new federal operator. As of 31 March 2014, the value of LLC T2 RTK Holding assets under IFRS totaled around RUB137 bn, whereas its capital is valued at RUB43.66 bn.

The rating agency’s experts have also pointed out a wide presence of the company in the regions, low currency risks and a good balance of assets and liabilities (1.14% and 6.59% as of 31 March). Besides, a strong risk management and insurance system support the rating.