OREANDA-NEWS. Tele2, an alternative mobile operator, reports that Expert RA rating agency (RAEX) has confirmed LLC T2 RTK Holding creditworthiness rating at “A+” (Stable Outlook).

Rating at “A+” means very high credit solvency, whereas a Stable Outlook points to a lack of any factors able to affect the current rating in mid-term.

LLC T2 RTK Holding is a joint enterprise set up as a part of consolidating mobile assets of OJSC Tele2 Rossiya Holding AB and PJSC Rostelecom. After the deal on formation of a new federal operator has been closed, the company is working in over 60 Russian regions.

The agency has pointed out the following positive factors: moderately high capital adequacy ratio, sources of additional liquidity in undrawn credit lines and a wide presence in the regions.

The agency’s experts indicate a lack of dependence on major customers and vendors, low share of receivables and moderately low share of accounts payable on balance sheets. Besides, the operator is distinguished by the strong risk management and the insurance system.

Expert RA expects that the operator’s entry into the Moscow market of telecommunications services and further launches of 3G networks and LTE in penetrated regions will considerably influence the top line and subscriber base. These factors are supporting the LLC T2 RTK Holding rating.