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Fitch revises Gazprom OAO outlook on sovereign action

Monday, 24 Mar 2014 09:56am EDT 

Gazprom OAO:Fitch Ratings (Fitch) has revised nine Russian corporates' outlooks, including Gazprom OAO, to negative from stable.The rating actions follow Fitch's revision of the Russian Federation's outlook to negative from stable and the affirmation of its long-term foreign and local currency Issuer Default Ratings (IDRs) at BBB on March 21.Gazprom OAO's long-term foreign and local currency IDRs have been affirmed at BBB. 

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