Credit Ratings

Entity  Rating Agency  Rating  Outlook 
VEON Ltd.  Standard & Poor's  BB+ Stable 
Fitch  BBB- Stable
VEON Holdings Fitch BBB- Stable
PJSC VimpleCom  Standard & Poor's  BB+ Stable 
Fitch BBB- Stable
GTH Finance  Fitch BBB- Stable
Banglalink Digital Communications Ltd Standard & Poor's  BB- Stable 
Moody's  Ba3 Stable