National Credit Ratings reaffirms MTS credit rating at level AAA.ru with stable outlook
The following factors were considered in the evaluation of the Company’s credit rating:
- MTS’s stable market position in the telecommunication services market.
- High degree of geographic diversification, stability of the subscriber base, high provision of key assets and low concentration of production factors.
- The Company’s financial profile is supported by a moderate level of debt burden, a sufficient margin of safety for debt servicing, high operating profitability and adequate liquidity ratios.
- Low level of shareholder risks and a positive assessment of the quality of corporate governance provided additional support for the assessment of the Company’s creditworthiness.
NCR confirmed ratings for the following 20 MTS bond issues: 001-01 (RU000A106VD1), 001P-20 (RU000A104SU6), 001P-21 (RU000A104WJ1), 001P-26 (RU000A10C2J8), 001P-27 (RU000A109SK6), 001P-28 (RU000A10AV98), 001P-29 (RU000A10CQ85), 002Р-01 (RU000A1075E4), 002Р-02 (RU000A1078S8), 002Р-03 (RU000A10AF49), 002Р-04 (RU000A1083U4), 002Р-05 (RU000A1083W0), 002Р-06 (RU000A109312), 002Р-07 (RU000A10B1N3), 002Р-09 (RU000A10B5F0), 002Р-10 (RU000A10BGY3), 002Р-11 (RU000A10BP79), 002Р-12 (RU000A10BW62), 002Р-13 (RU000A10D459), 002Р-14 (RU000A10DFN4).
The full text of NCR’s statement regarding MTS’s credit rating is available online. In Q4 2025, fellow rating agencies ACRA and «Expert RA» also reaffirmed their highest credit ratings for the Company.
“The latest independent confirmation of MTS’s highest possible credit rating is a key indicator for assessing our performance within challenging market conditions. In 2025, MTS underwent a major business transformation and increased financial discipline. This has already had a positive impact on the Company’s financial and operational results. I am confident that we will continue to justify the trust of creditors and investors as we implement best practices in corporate governance and public disclosure. In November 2025, the reliability of the Company’s credit portfolio was confirmed by Expert RA, and in December by ACRA, and now by the third leading credit rating agency, NCR,” said Alexander Smirnov, Director of MTS’s Corporate Finance and Treasury Department.
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For further information, please contact in Moscow:
Investor Relations Department
Mobile TeleSystems Public Joint Stock Company
Tel: +7 495 223 2025
E-mail: ir@mts.ru
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The Public Joint Stock Company Mobile TeleSystems (MTS PJSC) is a leading Russian business providing mobile and fixed-line communications, data transmission, internet access, and cable and satellite TV broadcasting. It is also a provider of digital services, including fintech and media, within ecosystems and mobile applications. It also provides IT solutions in unified communications, internet of things, monitoring, data processing, cloud computing and cybersecurity. MTS Group’s mobile services are used by 88.8 million subscribers in Russia and Belarus. MTS holds a leading position in the Russian mobile market, serving the largest subscriber base of 83 million. MTS’s fixed-line services – telephony, internet access and TV – serve more than 11 million subscribers, while its OTT and pay TV services in various environments have totalled 15.3 million users. The Company operates a retail network of 3,900 stores in Russia. MTS shares are listed on the Moscow Exchange under the ticker MTSS. The Company’s website is www.mts.ru.