OREANDA-NEWS. Tele2, alternative mobile operator, reports that АК&M rating agency has affirmed the national scale credit rating of OJSC Tele2-Saint-Petersburg at “A+” (Stable Outlook).

Rating at “A+” means very high credit solvency. According to AK&M analysts, key factors to support a high rating position are the company’s strong stance at the mobile telephony market of the Northwestern Federal District, its profitability, normal current and high absolute liquidity, capital adequacy for servicing loans over the next year.

OJSC Tele2-Saint-Petersburg operations are profitable and cost-efficient. In 1Q15, EBITDA increased by 80% compared to the same period last year and exceeded RUB1.1 bn.

A risk of a failure to meet obligations in time is insignificant. As of 1 April 2015, the amount of free funds placed as short-term investment totaled RUB23 185 mn. This makes more than three times as much as payables to service long-term loans for the next year.

Analytics point out a stable financial stance of LLC T2 RTK Holding (parent company). The AK&M agency has assigned the national scale credit rating at “A+” (Stable Outlook). Its stable financial position positively influences the rating of OJSC Tele2-Saint-Petersburg.