London, 24 April 2015 -- Moody's Investors Service has today confirmed the Ba1 corporate family rating (CFR) and Ba1-PD probability of default rating (PDR) of Mobile TeleSystems OJSC (MTS). Concurrently, Moody's has confirmed the Ba1 senior unsecured ratings assigned to the outstanding $1.25 billion's worth of notes issued by MTS International Funding Limited. The outlook on all ratings is negative. This concludes the review for downgrade initiated by Moody's on 25 February 2015.
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