MOSCOW, September 26 (RIA Novosti) - Standard & Poor's announced Monday that it has revised its outlook for Southern Telecommunications Co. (STC), the largest fixed telecommunications operator in southern Russia and an affiliate of the Svyazinvest holding, to stable from negative due to company efforts to limit the deterioration of its financial profile.
"The outlook revision reflects the noticeable improvements of STC's operating and financial performance during 2005," S & P said in a press release.
Standard & Poor's affirmed its 'CCC+' long-term corporate credit rating and 'ruBB' Russia national scale and senior unsecured debt ratings on the company.
The ratings remain constrained by the company's continuing weak liquidity position, significant debt levels, limited business diversification and uncertainties associated with industry restructuring.
