| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for Gazprombank > News item |
S&P lowers Gazprombank notes
Standard & Poor’s said it corrected the Greater China regional scale ratings on two senior unsecured loan participation notes issued by the special-purpose vehicle GPB Eurobond Finance plc for Gazprombank by lowering them to cnBBB+ from cnA-.
The loan participation notes consist of the bank’s ¥1 billion 4¼% loan participation notes series 15 due Jan. 20, 2017 and ¥500 million 4% loan participation notes series 10 due Feb. 24, 2016.
The counterparty credit ratings on Gazprombank and all other issues are unaffected.
The agency said it lowered the rating on the senior unsecured notes to correspond with the issuer credit rating and outlook on Gazprombank.
The downgrade is in accordance with the agency’s ratings methodology, including the mapping of the Greater China scale to S&P’s global scale local-currency ratings.
© 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.