print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Rosneft Oil Company press releases

Rosneft Oil Company

July 4, 2007

Moody’s upgrades Rosneft to Baa1

Moody’s Investors Service has upgraded Rosneft’s Issuer rating to Baa1 from Baa2 and assigned a provisional Baa1 rating to the Company’s proposed unsecured Loan Participation Notes Programme.

According to Moody’s, the upgrade follows an upgrade of the Baseline Credit Assessment to 11 (equivalent to Ba1) from 13 (equivalent to Ba3) on a scale of 1 to 21. Moody’s believes the purchase of refining assets largely accomplishes the Company’s medium-term strategic objective by redressing the significant imbalance between Rosneft’s upstream and downstream businesses and the lower level of integration compared to Russian peers. In the agency’s opinion, the acquisition has strengthened the Company’s business profile and will lead to a greater diversification of product and revenue stream, higher netbacks and stronger cash flow generation going forward.

The BCA upgrade is also supported by Rosneft’s on-going improvements to operational and production efficiency illustrated by an exceptionally high reserve replacement ratio, low lifting costs and improved well performance, Russia’s largest oil resource base and continued efforts to improve transparency and corporate governance.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer