| Title: | Research Update: Russian Oil Product Pipeline Company Transnefteproduct Upgraded To 'BB-/ruAA';Outlook Positive |
| Price: | $175.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | Research Update |
| Abstract: | On April 30, 2008, Standard&Poor's Ratings Services 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. The ratings are based on the company's stand-alone credit quality, which we continue to assess at |
| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Russian Oil Product Pipeline Company Transnefteproduct Upgraded To '##-/ruAA';Outlook Positive Publication date: ##-Apr-#### Primary Credit Analyst: Andrey Nikolaev, CFA, Moscow (#) ###-###-####;... |
| Word Count: | 1180 |
| Issuer: | OJSC AK Transnefteproduct |
| GICS: | Oil & Gas Storage & Transportation (10102040) |
| Sector: | Global Issuers, Corporations, Utilities, Energy |
| Country: | Russia |
| Region: | Europe, Middle East, Africa |
| Format: | 
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