Moody’s reduces ratings for Gazprom, NOVATEK, LUKOIL and Rosneft
Edited by Rhod Mackenzie / 2015-02-26 07:09:40
Moody’s took rating actions on 14 Russian corporations, including Gazprom, Gazpromneft, Rosneft, NOVATEK and LUKOIL following downgrade of Russia. Moody’s downgraded their ratings to Ba1- speculative-grade bonds.
They stated in the agency that the rating downgrade reflects the weakness of the sovereign rating of the macroeconomic and financial climate of Russia.
