Bonds

MTS has two Eurobonds currently trading on the Luxembourg Stock Exchange (amounting to $400 million each, with maturities in 2010 and 2012).

Credit rating agencies Fitch, Moody's and Standard & Poor's have assigned the following ratings to the Company’s debt:

Credit Ratings:

Moody’s Ba2, outlook stable
S&P BB, outlook stable
Fitch BB+, outlook stable

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