S&P confirms ratings of Novatek, forecast is stable
Edited by Rhod Mackenzie / 2014-03-28 01:05:43
On Tuesday, international rating agency S&P confirmed long-term corporate credit rating of Novatek at the level of “BBB-”, as well as national credit rating “ruAA+” with stable forecast, the agency reports.
“The confirmation of ratings follows annunciation of the U.S. Department of the Treasury’ Office of Foreign Assets Control on inclusion of one of the main shareholders of the company, Gennady Timchenko, into a list of persons, against whom sanctions in connection with the events in the Ukraine were imposed," - the release of S&P noted.
