OREANDA-NEWS. Tele2, an alternative mobile operator, reports that the AK&M rating agency has assigned an “A+” credit rating (Stable Outlook) on the national scale to LLC T2 RTK Holding.

The A+ rating indicates that the company is qualified as a very reliable borrower. A risk of delay in meeting liabilities is low.

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. A credit rating of LLC T2 RTK Holding reflects promising prospects for the development of a new federal operator on a basis of Tele2’s efficient and business model that proved to be very competitive on the Russian telecom market. A high rating assigned is caused by the company’s good operating and financial results. As of 2013 Tele2’s subscriber base reached 23.7 mn people, which is equivalent to a stable growth of 4% against 2012.

The agency has pointed out the operator’s revenue totaled 65.3 bn rubles, which is equivalent to a 10% growth on a yearly basis. The company considerably outperformed its peers in terms of the indicator. Tele2 also showed positive growth rates in marginality indicators.

The beginning of 2014 was marked by improvements of main financial results: in 1Q14 EBITDA margin increased up to 39.1% against 36.4%, showed over the same period last year.