Fitch Ratings on Tuesday slapped a negative outlook on Russian state-owned energy major Gazprom s while affirming its long-term foreign and local currency issuer default rating at "BBB," the agency said in an online statement.
Fitch also affirmed Gazprom's foreign currency senior unsecured rating at "BBB," its short-term foreign currency IDR at F3 and national long-term rating at AAA.
"Gazprom's ratings reflect our forecasts that Gazprom will remain a vital gas supplier to Europe despite competitive and political pressures," the statement said. "At present, European gas buyers are limited in the ability to diversify deliveries, in so much as gas production in Europe is falling, and global prices for liquefied natural gas remain high."
See also:
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
