CTC Media Reports Withdrawal of S&P Credit Rating

29.07.2015 20:35:00

Moscow, Russia — July 29, 2015 – CTC Media, Inc. (NASDAQ: CTCM), Russia’s leading independent media company, requested as part of a cost-cutting program that Standard & Poor's Rating Services withdraw its credit rating. In response S&P affirmed the Company’s 'BB-/B' long- and short-term corporate credit ratings and 'ruAA-' Russia national scale rating and then withdrew the ratings. The outlook was stable at the time of the withdrawal.

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About CTC Media, Inc.

CTC Media is the leading Russian independent media company. The group manages four television channels in Russia (CTC, Domashniy, Peretz and CTC Love) as well as Channel 31 in Kazakhstan with combined audience of the five channels exceeding 150 million viewers. The international version of CTC Channel is available in North America, Europe, Central Asia, Armenia, Georgia, Azerbaijan, the Middle East and Kyrgyzstan. The international version of Peretz Channel is available in Belarus and Kyrgyzstan. CTC Media also owns several digital entertainment media assets including videomore.ru, domashniy.ru, ctc.ru and peretz.ru. CTC Media is traded on NASDAQ under the symbol CTCM.​ For more information on CTC Media, please visit www.ctcmedia.ru.