VimpelCom Ltd -- Moody's: Updated Financial Policy Is Credit Positive for VimpelCom Ltd

London, 03 February 2014 -- Moody's Investors Service has today said that it views recent updates VimpelCom Ltd (Ba3 stable) has made to its financial policy as credit positive for the group. The updated policy prioritises deleveraging and investment in 3G/4G mobile data network over dividend payouts. The new policy should support the group's financial metrics and competitive positions. However, any positive pressure on the rating will depend on the development of the group's financial metrics as a result of both the implementation of its new financial policy and its operating performance.

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