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Moody’s conferred upon RussNeft the “Ba3” rating with stable forecast

06.12.2012 RIA "Novosti"

Moscow. On Thursday the international rating agency Moody’s conferred upon OAO RussNeft, numbered among the ten top Russian oil companies, the corporate rating and the probability of default rating “Ba3” with stable forecast, says the agency’s report. Besides, the company was given “Aa3” national scale rating.

The agency explains that the rating is based on RussNeft  IAS accounting data  for 2009-2011. Besides, conferment of the rating is  determined by the company’s considerable resources, increase of  operating efficiency in the recent years, strategy of reducing the leverage ratio.  

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