Support The Moscow Times!

S&P Comments On Sistema

AFK Sistema's consolidated revenue growth is expected to slow over the next few quarters, Standard & Poor's said in a report.

Standard & Poor's also said it expected a reduction in revenues and EBITDA at Bashneft, a Sistema subsidiary.

Sistema's incoming dividends are expected to be stable in 2012 and 2013 compared with 2011 levels, despite sizable investment programs at its largest subsidiaries, Standard & Poor's said.

The group's net debt will likely increase in 2013, but it depends on whether or not Sistema decides to exit from India, the agency said.

(MT)

Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.