21 April 2004 23:25
Fitch affirms Gazprom and its $5-bln note program at `BB`
MOSCOW. April 21 (Interfax) - Fitch Ratings affirmed Gazprom's Senior Unsecured foreign currency and local
currency ratings at 'BB'.
The Outlook is Stable, the international rating agency said in a press release.
At the same time the agency affirmed Gaz Capital S.A.'s $5 billion loan participation note program, which relies
on a Senior Unsecured liability of Gazprom for repayment.
Fitch said it would will continue to closely monitor both Gazprom's total leverage position and operating
performance, specifically with regards to the company's heavy reliance on natural gas export prices. [RU ASIA
EUROPE EEU EMRG AAA ENR NGS LOA EUB]
[Interfax] |
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