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Provider: Reuters Investment Profile
Provider: Reuters Investment Profile
Provider: Investcafe
Provider: Sadif Analytics Prime

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Fitch withdraws NK Rosneft' OAO's ratings-Interfax

Monday, 24 Feb 2014 11:06pm EST 

NK Rosneft' OAO:Fitch Ratings has withdrawn Rosneft's ratings as it no longer has sufficient information to maintain the ratings after the Russian oil company chose to stop participating in the rating process, the agency said in a press release-Interfax.Accordingly, Fitch will no longer provide ratings or analytical coverage for Rosneft.Rosneft said in a Feb. 24 press release that it had stopped participating in the Fitch rating process for it and its subsidiaries, however it continues to participate in the Standard & Poor's and Moody's ratings processes, providing these agencies with all the necessary information.S&P rates Rosneft BBB with stable outlook.Moody's assigned Baa1 with stable outlook in Dec. 2013.