The upgraded IDR reflects Rosneft's strengthened competitive position following a series of acquisitions, predominantly in the refining and distribution segments, making it one of Russia's leading integrated oil and gas companies.
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The Positive Outlook reflects Severstal's corporate governance improvements that were undertaken in view of its IPO in November 2006 and Fitch's expectations that the company will continue to adhere to best international practice.More >>
Analysts explain the revision of Sberbank's share in the index first of all by a coming SPO of Sberbank. "The bank's capitalization will increase after the SPO and it must be taken into consideration,"More >>
The rating agency Standard and Poor's has upgraded Rosneft's rating from "BB" to "BB+" and removed the rating from the CreditWatch list with a positive outlook, which it received on November 15, 2006. The rating has a "developing" outlook.More >>
Moody's points out that the debt ratings assigned to VTB24 are driven by the strong likelihood of parental support to the bank from the state-owned JSC Bank VTBMore >>
Moody's has considered the company as a transitioning Government-Related Issuer , reflecting the Russian state's deep involvement both in the electricity sector and in the company, albeit indirectly through RAO UES of Russia, OGK-5's parentMore >>