Fitch Ratings Affirmed TATNEFT’s ‘BBB-‘ Credit Rating with Stable Outlook
Fitch Ratings announced that it has affirmed the issuer’s long-term default probability rating of PJSC TATNEFT at “BBB-” with the “stable” outlook
According to Fitch Ratings, the confirmation of the credit rating reflects, inter alia, the Company’s low debt level, significant crude oil production, as well as large proven reserves. The press-release of Fitch Ratings announcing the rating affirmation is available at https://www.fitchratings.com/research/corporate-finance/fitch-affirms-pjsc-tatneft-at-bbb-outlook-stable-08-05-2020
Currently TATNEFT has investment grade credit ratings from two leading international agencies – Fitch Ratings (BBB-) and Moody’s Investor Services (Baa2), as well as the highest national credit rating ruAAA from Expert RA. The outlook for all credit ratings is “stable”.
Forward-looking statements: This press release and materials thereby referred to contain certain statements about future events and expectations that are forward-looking in nature. Any statement in this press release or these materials that is not a statement of a historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. PJSC TATNEFT shall assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.
