Standard & Poor's Leaves Transneft's Rating Unchanged
OREANDA-NEWS. On 24 March 2008 the international rating agency Standard & Poor's announced that the ratings and outlooks of Russian government-related entities remain unchanged after the revision of the sovereign rating outlook to Positive.
Specifically, rating and outlook of Oil Transporting Joint-Stock Company “Transneft” are BBB+/Stable/.
"We assess the stand-alone credit quality of companies and upgrade their ratings based on the individual situation of each company and the government's willingness to support it. Therefore, revision of the sovereign ratings outlook on the Russian Federation would not automatically trigger any rating actions as regards government-related entities," says Standard & Poor's press release.
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