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Published on 10/24/2006 in the Prospect News Emerging Markets Daily.

Fitch rates Gazprom note BBB-

Fitch Ratings said it assigned a final BBB- rating to Gaz Capital SA's €780 million notes due 2014. This is the fifth tranche under the existing $15 billion loan participation note program, which relies on a senior unsecured liability of Russia-based OAO Gazprom for repayment.

Gazprom has BBB- local- and foreign-currency issuer default ratings and a stable outlook.


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