Moody Upgrades Bashneft’s Rating to Ba1 on Assignment of GRI Status; Negative Outlook
Moody’s Investors Service has today upgraded Russian integrated oil company OJSC Bashneft’s (Bashneft) corporate family rating (CFR) to Ba1 from Ba2 and its probability of default rating (PDR) to Ba1-PD from Ba2-PD, following the rating agency’s decision to assign the company government related issuer (GRI) status after the company was …
Moody’s: Russia Sanctions Hamper Rosneft, Gazprom Debt Refinancing
Russian companies, including oil giant Rosneft, may face challenges refinancing $112 billion in debt due to mature over the next four years, a report by Moody’s Investors Service said. Moody’s said there was a very significant bank and bond debt maturity hurdle for Russian companies concentrated among Rosneft and state-controlled gas company Gazprom in 2015. Russian companies are facing tougher …
Moody’s changes outlook on Bashneft’s Ba2 CFR to positive; affirms rating
Moody’s Investors Service has today changed to positive from stable the outlook on the Ba2 corporate family rating (CFR) of OJSC Bashneft, following robust improvements to the company’s business profile alongside a fairly stable financial profile over the past 24 months. Concurrently, Moody’s has affirmed the rating Ratings rationale Today’s outlook change reflects Moody’s view that Bashneft’s business profile has strengthened …
Moody’s Affirms Rosneft’s Credit Rating at Baa1, Upgrades Outlook to Stable
Moody’s International Rating Agency announced today that it affirmed Rosneft‘s Baa1 credit rating and upgraded outlook to stable. Rosneft Baa1 credit rating is now on a par with the sovereign rating of the Russian Federation. The management of Rosneft held a number of meetings with Moody’s representatives, where the mid-term …
Moody’s Affirms Rosneft’s Credit Rating at Baa1, Upgrades Outlook to Stable
Moody’s International Rating Agency announced today that it affirmed Rosneft’s Baa1 credit rating and upgraded outlook to stable. Rosneft Baa1 credit rating is now on a par with the sovereign rating of the Russian Federation. The management of Rosneft held a number of meetings with Moody’s representatives, where the mid-term …
Moody’s Upgrades Rosneft’s Subsidiaries to Baa1
The Moody’s rating agency has today upgraded to Baa1 from Baa2 the issuer rating of Rosneft International Holdings Limited (formerly TNK-BP International Ltd.) and of its guaranteed subsidiary Rosneft Finance S.A. (former TNK Finance S.A.) under the issue of eurobonds. The decision to upgrade the rating has been taken after …
Moody’s Investor Services Upgraded Tatneft’s Credit Rating to Investment Grade “Baa3” With Stable Outlook
Moody’s Investor Services announced that it has upgraded the corporate family and probability of default ratings of Tatneft to investment grade “Baa3”, the rating outlook is Stable. It is the first time Tatneft receives an investment grade rating from a leading rating agency. The upgrade to investment grade rating Baa3 …