S&P rates RBC Information B+

Standard & Poor's said it assigned a B+ long-term and B short-term corporate credit ratings to OJSC RBC Information Systems and a ruA+ Russia national scale rating.

The outlook is stable.

The ratings are constrained by the group's exposure to the Russian economy and reliance on the cyclical advertising market, an aggressive acquisition-based growth strategy with growing capital needs and uncertainties regarding Russia's complex regulatory environment, according to the agency.

The ratings are supported by the group's solidifying market position, continuing scale expansion, improving revenue diversification and increasing EBITDA and cash flow generation, S&P said.

The issuer's adjusted debt-to-EBITDA ratio was 2.3 times in 2006.

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