S&P improves forecast of Gazpromneft’s rating “BBB-” from stable to positive

On Thursday, international rating agency Standard & Poor’s confirmed the long-term corporate credit rating of Gazpromneft at "BBB-" and improved its forecast from stable to positive, the agency’s press release reports.

“The Review of the forecast reflects the possibility to increase  Gazpromneft’s long-term rating by one rank, if profile of the company’s financial risks will improve to a “moderate” level in spite of planned acquisitions and increased investments,” – S&P reports.