S&P increases the credit rating of Rosneft

Standard & Poor's international rating agency increased the corporate credit ratings of Rosneft Plc. from BBB- with a “stable” forecast to BBB, the agency reports.

The increase is connected with the position of the management of Rosneft concerning the company’s financial policy after the purchase of BP-TNK. Besides, S&P supposes that opportune and significant support can be provided by the state and influence the company’s rating positively.