05.03.2015 15:37:00
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VimpelCom Ltd -- Moody's: Debt buyback offer is credit positive for VimpelCom
London, 05 March 2015 -- Moody's Investors Service has today said that VimpelCom Ltd's (Ba3 on review for downgrade) tender offer to repurchase up to $2.1 billion of its outstanding Eurobonds is credit positive. The debt reduction will support VimpelCom Holdings B.V.'s financial metrics, which will be affected by deteriorated operating environment and severe domestic currency depreciation in Russia, which is one of the VimpelCom group's core markets.