Rosneft Announces Termination of Contractual Arrangements with Fitch Ratings
On 24th February 2014 Rosneft informs that following expiration and by agreement of parties, all credit rating service contracts between Fitch Ratings and Rosneft and its subsidiaries are to terminate, so that Fitch Ratings now withdraws the ratings earlier assigned to the Company and its subsidiaries, and their debt securities.
Rosneft continues to work closely with Standard&Poor’s and Moody’s rating agencies and rigorously complies with all of its obligations to provide information support of the rating agencies’ actions in relation to the Company. Standard&Poor’s rates at the Company at BBB (outlook: Stable). Moody’s has confirmed Rosneft credit rating at Ваа1 (outlook: Stable) in December 2013.