VimpelCom Amsterdam B.V. Announces Tender Offer Results

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Go back to VimpelCom Amsterdam B.V. Announces Tender Offer Results

VimpelCom (VIP) Ratings Affirmed by Moody's; Assumes no Further Ruble Deterioration

April 2, 2015 12:28 PM EDT

Moody's Investors Service has today confirmed the Ba3 corporate family rating (CFR) and Ba3-PD probability of default rating (PDR) of VimpelCom Ltd. (Nasdaq: VIP). Concurrently, Moody's has confirmed the Ba3 senior unsecured issuer rating of Vimpel-Communications OJSC and Ba3 senior unsecured ratings assigned to debt instruments issued by VimpelCom Holdings B.V., Vimpel-Communications OJSC and VIP Finance Ireland Limited. The outlook on all ratings is stable. This concludes the review for downgrade initiated by Moody's on 23 December 2014.

Moody's primarily bases its assessment of VimpelCom's business and financial profile on its subsidiary VimpelCom Holdings... More