S & P improved the outlook on the "Russneft" "B" rating to positive from stable.
Edited by vadim / 2014-04-03 05:35:53
The international rating agency Standard & Poor's affirmed the long-term credit rating of "Russneft" at "B" and improved the rating outlook to positive from stable, according to a press release from the agency.
The company rating on the national scale rose to "ruA" from "ruA-".
"The outlook revision reflects our view that if "Russneft" successfully converts the debt to Glencore Xstrata Plc of approximately $ 0.9 billion in equity, resulting in Glencore becoming a shareholder and holding a deal to merge with "Nephthys"’s sister company the "Russneft" ratings can be increased", - the release stated, RIA "Novosti" informs.