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22.08.2011
Credit-Rating revised NATIONAL JSC NAFTOGAZ OF UKRAINE rating
Credit-Rating revised the long-term credit rating assigned to NATIONAL JSC NAFTOGAZ OF UKRAINE (Kiev,
Ukraine) at uaA with stable outlook. To revise the rating Credit-Rating
considered financial statements of NATIONAL JSC NAFTOGAZ OF UKRAINE for 2 Half
2010, as well as other inside information submitted by NATIONAL JSC NAFTOGAZ OF
UKRAINE within the rating procedure.
An obligor or a debt liability with uaA credit rating is characterized with the HIGHLY STRONG creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is susceptible to adverse changes in commercial, financial and economic conditions.A plus "+" and a minus "-" signs indicate intermediary categories compared to the standard categories (grades).
Stableoutlook indicates that there are no anticipated reasons to change the rating in the course of the year.
Factors maintaining the credit rating:
-
company’s strategic significance and government support;
-
company’s monopoly at Ukrainian gas market.
Factors constraining the credit rating:
-
company’s high dependence on state regulation;
-
unstable yields during the last several years;
-
defective tools and low transparency of Ukrainian gas market.
Information on all credit ratings assigned in accordance with the National Rating Scale may be found in THOMSON REUTERS and BLOOMBERG information systems.
For more information, please contact:
Mr. Alexey Kapustinskiy
+380 44 490 2550
AKapustinskiy@credit-rating.ua
