Fitch upgrades Gazprom, Gazprom Neft, and Inter RAO to BBB

TASS Russian News Agency | Aug 15, 2019 at 12:24 PM

MOSCOW, August 15. / TASS /. The international rating agency Fitch upgraded the issuer default ratings of Gazprom, Gazprom Neft and Inter RAO to BBB from BBB-. The outlook on the ratings is "stable," the agency said in a statement on Thursday.

The rating action followed an increase in Russia's sovereign rating to BBB from BBB- Fitch noted.

The agency also upgraded Mosenergo's rating to BBB from BBB, with a stable outlook.

On August 9, Fitch upgraded Russia's long-term foreign currency credit rating from BBB- to BBB, changing the outlook to stable.