Fitch affirms the rating of Lukoil at "BBB-" with a negative outlook.
Edited by Rhod Mackenzie / 2016-06-16 06:58:02
Fitch Ratings, the international rating agency, affirmed the long-term issuer default rating (IDR) of Lukoil, the second largest Russian oil company, foreign and local currency ratings at "BBB-" with a negative outlook, the report of the rating agency informs.
According to Fitch, "Lukoil ratings are associated with Russia's sovereign rating" BBB- ", outlook "negative" due to the concentration of assets in the Russian Federation and the influence of the state on the oil and gas industry through taxation and regulatory measures."