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BRIEF-Moody's:MTS's loss of its business in Uzbekistan is rating neutral
September 25, 2012 / 1:00 PM / 5 years ago

BRIEF-Moody's:MTS's loss of its business in Uzbekistan is rating neutral

Sept 25 (Reuters) - Mobile TeleSystems OJSC

* Moody’s has today said that the Ba2 corporate family rating (CFR) and stable outlook of Mobile TeleSystems OJSC (MTS) are unaffected by the recent confiscation of assets of its wholly-owned Uzbek subsidiary Uzdunrobita LLC. At the same time, Moody’s views the loss of cash-generating Uzbek business as moderately credit negative for MTS.

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