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Bulletin: No Change In Russian GRE Ratings Or Outlooks On Revision Of Outlook On Sovereign To Positive Mar 08
Standard & Poors, March 2008
Abstract
MOSCOW (Standard & Poor's) March 11, 2008--Standard & Poor's Ratings Services said today that its revision of the outlook of the ratings on the Russian Federation to positive from stable did not change its ratings on the Russian industrial government-related entities (GREs) listed below. We rate these entities using our bottom-up methodology, assessing a company's stand-alone credit quality, giving any uplift for expected extraordinary state support depending on that company's specific situation and the government's incentives to support it. The outlook revision on the Russian Federation (foreign currency BBB+/Positive/A-2; local currency A-/Positive/A-2; Russia national scale 'ruAAA') does not automatically trigger any rating actions on these GREs. We will nevertheless continue to monitor how the sovereign's improved credit quality could translate...
Companies mentioned in this report are: OAO AK Transneft,OJSC Alrosa,OAO Gazprom ,OJSC Oil Co. Rosneft,RAO UES of Russia,Federal Grid Co. of the Unified Energy System,Russian Railways (JSC),RusHydro (OJSC)
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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