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Pin to quick picksPjsc Tatneft Regulatory News (ATAD)

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Moody's upgraded Tatneft's Rating to Ba1

5 Jul 2012 09:06

RNS Number : 9904G
O.A.O. Tatneft
05 July 2012
 



Moody's investor Services upgraded Tatneft's credit rating to "Ba1" with stable outlook

 

5 July 2012

 

Moody's Investor Services announced that it has upgraded the corporate family and probability of default ratings of Tatneft to "Ba1", the rating outlook is Stable.

 

According to Julia Pribytkova, a Moody's Vice President -- Senior Analyst and lead analyst for Tatneft, "today's rating action was prompted by the shift in Tatneft's operating profile towards an integrated business model comprising sizeable downstream operations, as well as its robust operating and financial performance". Full press-release relating to Tatneft's ratings is available on Moody's web-site: www.moodys.com

 

As a reminder, in June of this year Fitch Ratings decided to upgrade Tatneft's credit rating to BB+ with stable outlook.

 

Forward-looking statements: This press-release and materials mentioned in it contain statements about future events and expectations that are forward-looking in nature. Any statement in this press-release or the materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. OAO Tatneft assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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