Moody's may lift Sibneft

Moody's Investors Service said it placed the Ba2 corporate family rating and Ba3 senior unsecured ratings of OAO Sibneft on review for possible upgrade following an earlier announcement that its main shareholder, Millhouse Capital, signed legally binding documents for the sale of a 72.7% stake in the company to OJSC Gazprom.

Moody's said its review of Sibneft's ratings will assess whether creditors are likely to benefit from any support mechanisms within the new group, as well as plans for any restructuring of debt at the Sibneft level.

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