Moody’s downgraded the rating of “Gazprom” and “Rosneft” – RBC

Moody's downgraded the rating of "Gazprom" and "Rosneft" – RBC

Photo: Yekaterina Kuzmina / RBC

Rating of “Gazprom” in foreign currency was downgraded from Baa2 to Baa3, in national currency – from Baa1 to Baa2. Rating « the Transneft » was also downgraded to Baa3. Short-term ratings of «Gazprom» in foreign currency have been degraded to Prime-2 to Prime-3 in the national – affirmed at Prime-2.

Ratings « Rosneft » and its subsidiaries, Rosneft Finance SA, Rosneft International Finance Limited and Rosneft International Holdings Limited were reduced to Baa3 from Baa2. Ratings Federal Passenger Company, “Gazprom Neft” and GNP Capital SA, LUKoil and his “daughter» LUKOIL International Finance, «Norilsk Nickel” and its subsidiary MMC Finance Ltd., JSC “Russian Railways” and its subsidiary RZD Capital Plc. were also downgraded to Baa3 from Baa2 rating corporation « Irkut » – from Ba2 to Ba3.

On the eve of Moody’s downgraded the long-term and short-term ratings of three Russian financial institutions – AHML Sberbank and Vnesheconombank . Long-term ratings of credit institutions have been downgraded from Baa2 to Baa3. Short-term rating downgraded to P-3 P-2 and placed on review for possible further downgrade.

On Saturday, January 17, Moody’s downgraded the rating of government bonds Ross s – to the level of Baa3 / Prime 3. The rating also was sent to further revision. According to the agency, the sharp drop in oil prices in 2014 and the collapse of the Russian currency in the long term could undermine the already reduced economic growth. Moody’s warned about the decline of international reserves and the Russian budget revenues in the short term. For further evaluation Russian government bonds will affect the volume of reserves of Russia, the forecasts for oil prices and the effectiveness of the Bank of Russia in the conditions of limited access to foreign loans.