Moody's Confirms NK Rosneft' OAO's Rating; Assigns Negative Outlook-Interfax


Thursday, 6 Jun 2013 08:20am EDT 

Interfax reported that Moody's Investors Service (Moody's) has confirmed the Baa1 (senior unsecured) ratings of NK Rosneft' OAO (Rosneft) and assigned a negative outlook, concluding the review for downgrade that was initiated on October 24, 2012, the rating agency said in a press release. Concurrently, Moody's has lowered its assessment of Rosneft's standalone financial profile, represented by its baseline credit assessment (BCA), to ba1 from baa3 due to a increase in the Company's leverage and the risks associated with the integration of the newly acquired TNK-BP International Ltd.