Analytical Credit Rating Agency reaffirms MTS’s credit rating of AAA(RU)

MOSCOW, Russia – Mobile TeleSystems Public Joint Stock Company (“MTS” or “the Company”) (MOEX: MTSS), a digital ecosystem, announces that Analytical Credit Rating Agency (ACRA) has reaffirmed the highest credit rating of AAA(RU) for MTS with a stable outlook.

ACRA continues to rate the Company’s risk portfolio very highly: MTS maintains its leading position in the market and continues to demonstrate steady revenue growth thanks to its robust, consistent strategy, which involves developing multiple business segments as an ecosystem based on a solid telecommunications foundation.

The rating agency reaffirmed MTS’s credit rating in view of the Company’s strong business profile, the extensive geography of its operations, and its high-quality corporate governance system. MTS’s financial risk profile remains strong, supported by high profitability and liquidity metrics, as well as a moderate debt load and an average debt-servicing capability.

“MTS’s ecosystem-based approach has proven to be effective, as reflected in the highest rating from ACRA and, prior to that, the high rating from Expert RA. We are successfully pursuing a strategy of developing multiple business verticals, some of which continue to deliver record-breaking financial results. At the same time, the Company maintains a comfortable level of debt and sufficient liquidity for future investments,” said Alexander Smirnov, Director of the Corporate Finance and Treasury Department at MTS.
 
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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