Ratings

A credit rating reflects the opinion of a rating agency regarding the ability and willingness of the issuer to fulfil its financial obligations on time and in full.

Ratings of Sistema and its portfolio companies

Sistema

S&P

BB-Stable8/28/19

Fitch

BB-Stable5/12/20

RAEX

ruAruA9/25/19

MTS

S&P

BBPositive5/13/19

Fitch

BB+Stable5/7/20

RAEX

ruAA+Stable12/17/19

MTS-Bank

Fitch

BB-Stable5/21/19

RAEX

ruBBB+Stable3/22/20

Sistema Capital

RAEX

А++Stable8/11/19

Detsky Mir

RAEX

A+Stable3/26/20

Segezha Group

RAEX

ruA-Stable10/29/19

Etalon Group

S&P

B+Rating rewatch8/15/19

RAEX

ruAStable4/29/19