20 April 2004 16:15
S&P dns Yukos rating to CCC from BB-, Sibneft rating - dn to B from B+ (in detail).
Standard & Poor's has downgraded long-term corporate credit rating of Yukos oil company to CCC from BB-; Sibneft rating slid to B from B+, S&P said. The ratings were lowered in the wake of the Moscow Arbitration award to seize Yukos assets, incl. 92% stocks of Sibneft.
The companies' ratings are still on the CreditWatch list where they were placed on Oct. 31, 2003. Yukos implications were reconsidered to developing from negative, Sibneft implications were maintained at developing.
[AKM] |
RUSSIA IN FACTS
