Scandoil  

Moody's investor Services upgraded Tatneft's credit rating to investment grade "Baa3"


Published Nov 26, 2013
TATNEFT-2

Moody's Investor Services has upgraded the corporate family and probability of default ratings of Tatneft to investment grade "Baa3", the rating outlook is Stable. It is the first time Tatneft receives an investment grade rating from a leading rating agency.

The upgrade to investment grade rating Baa3 reflects, inter alia, (1) the company's vast reserves base; (2) its low finding and development costs and the availability of developed infrastructure; (3) the company's strong financial metrics, underpinned by low leverage and the absence of significant capital expenditure requirements. The upgrade is also driven by the recent upgrade of the rating of the Republic of Tatarstan, Tatneft's core shareholder, to Baa3 from Ba1.

Tags: TATNEFT




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml