Moody’s reduces ratings for Gazprom, NOVATEK, LUKOIL and Rosneft

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.  

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