S&P rates Gazprom notes BB+

S&P said it assigned its BB+ long-term debt rating to a proposed issue of loan participation notes by Gaz Capital SA, a financing vehicle of Gazprom PJSC (foreign currency BB+/positive/B, local currency BBB-/positive/A-3).

The notes are to be issued within the framework of Gazprom's $40 billion European medium-term note program. The rating on the LPNs mirrors the long-term foreign currency corporate credit rating on Gazprom.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.