TEXT-Fitch:Shyam risks reflected in Sistema's current rtgs

May 04 - Fitch Ratings says that JSFC Sistema's (Sistema) ('BB-'/Stable) exposure to debt and losses under the current business plan at its majority-controlled subsidiary SSTL (Shyam) in India is already reflected in Sistema's current ratings. A significant rise in investments into Shyam may put pressure on Sistema's ratings but Fitch views this as an unlikely event risk.