London, 28 October 2016 -- Moody's Investors Service, ("Moody's) has today upgraded the corporate family rating (CFR) of VimpelCom Ltd to Ba2 from Ba3, and the probability of default rating (PDR) to Ba2 -PD from Ba3-PD. Concurrently the agency upgraded the long-term issuer ratings of VimpelCom PJSC to Ba2 from Ba3 and the senior unsecured ratings of its guaranteed debts issued by VIP Finance Ireland Limited and VimpelCom Holdings B.V., to Ba2 (LGD 3) from Ba3 (LGD 3). Moody's has also upgraded the senior unsecured rating of the debts issued by GTH Finance B.V. and guaranteed by VimpelCom Holdings B.V. to Ba3 (LGD 5) from B1 (LGD 5).

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