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Moody’s confirms Comstar rating after Sistema sale

Ratings agency Moody’s has confirmed Russian service provider Comstar-UTS’s Ba3 credit rating and ‘stable’ outlook assessment following the completion of the transfer of Sistema’s 50.91% stake in the company to its own Mobile TeleSystems (MTS) subsidiary for RUB39.15bn (€0.90). The deal means that Sistema has transferred its total interest in Comstar to MTS.