Fitch downgrades the long-term credit rating of Rosneft

Fitch downgraded the long-term credit rating of Rosneft to BBB-.

The rating was removed from the list of stable outlooks. At the same time, the company’s short-term rating was confirmed at the level of F3. The changes introduced to the rating are connected with the plans of Rosneft about input of its funds and possible necessity in drawing of additional capital.