Moody's Upgrades Long-Term Issuer Ratings Of 12 Russian Non-Financial Companies

Mohammad Ali (@ChaudhryMAli88) Published February 12, 2019 | 11:58 PM

Global ratings agency Moody's Investors Service said on Thursday that it has upgraded the long-term issuer ratings of 12 Russian non-financial corporations, including Russian Railways and Transneft, to Baa2 from Baa3 and changed their outlooks to stable from positive

WASHINGTON (UrduPoint News / Sputnik - 12th February, 2019) Global ratings agency Moody's Investors Service said on Thursday that it has upgraded the long-term issuer ratings of 12 Russian non-financial corporations, including Russian Railways and Transneft, to Baa2 from Baa3 and changed their outlooks to stable from positive.

"Baseline credit assessments (BCAs) for all of the government-related issuers (GRIs) in this cohort were upgraded to Baa2 from Baa3, while their respective support and dependence assumptions remain unchanged," Moody's said.

Moody's also raised the rating to Baa2 for the energy giants Gazprom and Lukoil, the steel and mining company Severstal and the diamond mining company ALROSA.