QIWI Receives a “BB-” Credit Rating from S&P Global
QIWI plc - American Depositary Shares (QIWI)
Last qiwi plc - american depositary shares earnings: 3/24 07:15 am
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US:NASDAQ Investor Relations:
finance.yahoo.com/quote/qiwi
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Source: GlobeNewswire
NICOSIA, Cyprus, June 20, 2018 (GLOBE NEWSWIRE) -- QIWI plc (NASDAQ:QIWI) (MOEX:QIWI) (“QIWI” or the “Company”), today announced that the S&P Global rating agency has assigned QIWI plc a “BB-/ B” long- and short-term credit ratings with a stable outlook. Alexander Karavaev, QIWI Chief Financial Officer, said, “This is the first time QIWI plc received a credit rating and we would like to take this opportunity to acknowledge the dedication and insightfulness of the S&P Global team, who did great job analyzing our unique business model and product offering. Although we don’t have any immediate plans to raise debt on the market or otherwise as our payment services business generates substantial operating cash flows, we believe that a credit rating from one of the most well-known credit agencies is a useful tool that can facilitate the development and scaling of our financial services portfolio as well as support our relationships with our partners. We are satisfied with the results an
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