| Title: | Russian Oil Product Pipeline Company Transnefteproduct Upgraded To 'BB-/ruAA';Outlook Positive |
| Price: | $100.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | News |
| Abstract: | MOSCOW (Standard&Poor's) April 30, 2008--Standard&Poor's Ratings Services said today that it raised its long-term corporate credit rating on Russian oil product pipeline company OJSC AK Transnefteproduct to 'BB-' from 'B+'. At the same time, we raised the Russia national scale rating to 'ruAA' from 'ruAA-'. At the same time, the global scale ratings were removed from CreditWatch, where they had been placed on April 17, 2007, following the announcement of the merger with state-owned Russian oil pipeline monopoly OAO AK Transneft (BBB+/Stable/--). The outlook is positive. "We upgraded Transnefteproduct following our analysis of the impact of the shareholding change on the company's financial and business risk," said Standard&Poor's credit analyst Andrey Nikolaev. The ratings |
| Brief Excerpt: | RESEARCH Ratings Definitions Russian Oil Product Pipeline Company Transnefteproduct Upgraded To '##-/ruAA';Outlook Positive Publication date: ##-Apr-#### Primary Credit Analyst: Andrey Nikolaev, CFA, Moscow (#) ###-###-####; andrey_nikolaev@standardandp... |
| Word Count: | 793 |
| Issuer: | OJSC AK Transnefteproduct |
| GICS: | Oil & Gas Storage & Transportation (10102040) |
| Sector: | Global Issuers, Corporations, Energy |
| Country: | Russia |
| Region: | Emerging Markets |
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