Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

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.


Related articles:

Read more

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.