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Moody's confirms rating of AK Transneft' OAO


Tuesday, 1 Jul 2014 09:42am EDT 

AK Transneft' OAO:Moody's Investors Service has confirmed the rating of Russian government-related utility companies, including Baa1 issuer rating of AK Transneft, following the confirmation of Russia's government bond rating.The outlook on all the ratings is negative.As AK Transneft is controlled by the Russian government, its rating falls under Moody's methodology for government-related issuers.The confirmation of the ratings reflects the linkages of the ratings with the Russian sovereign rating and their high sensitivity to changes in sovereign creditworthiness.The negative outlook on all the ratings mirrors that on the sovereign, reflecting that a downgrade of Russia's sovereign rating could result in a downgrade of the companies' ratings. 

Company Quote

117850.0
350.0 +0.30%
10:48am EST