Moody’s reconsiders ratings of a number of Russian companies

Moody’s Investors Service confirmed the Baa1 ratings of OJSC “Gazprom” on Tuesday. The company’s rating is higher the sovereign credit rating of the Russian Federation. The ratings of “Gazpromneft” are confirmed at “Baa2” and assigned a negative outlook. Moody’s experts say that strong operational and financial indicators of “Gazprom” and importance of the company for the Russian Government make it possible that its rating is one point higher than the ratings of Russia. The ratings of Rosneft and RIHL has been lowered from Baa1 to Baa2, preserving negative outlook.