London, 03 July 2014 -- Moody's Investors Service has today upgraded Sistema Joint Stock Financial Corporation's (Sistema) corporate family rating (CFR) to Ba2 from Ba3 and probability of default rating (PDR) to Ba2-PD from Ba3-PD. Concurrently, Moody's has upgraded to (P)Ba2 from (P)Ba3 the provisional senior unsecured rating, with a loss given default (LGD) assessment of LGD4/50%, assigned to the medium-term note (MTN) programme of Sistema Capital S.A. The outlook on all ratings is positive.
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