Sistema PublicFinancial : S&P affirms Sistema’s credit rating at BB, outlook upgraded to "positive"

Sistema PJSFC is a diversified group organized around 4 sectors of activity: - telecommunications (71% of sales): fixed and mobile telephone, data transmission, Internet access, TV program broadcasting, etc.; - production of wood and paper products (10% ): plywood, paper sacks, sawn timber, etc.; - medical services (3.6%); - other (15.4%): sale of agricultural products, financial services, real estate development, oil production and distribution, production of pulp and paper, distribution of pharmaceutical products, tour organization, petrochemistry, manufacturing of electronic products, computer system integration, and software etc. Russia accounts for 89.1% of net sales.