Standard & Poor’s reduces ratings for 5 Russian public monopolies

Credit rating agency Standard&Poor’s reduced long-term credit ratings of five Russian companies, such as OJSC “RZhD”, “Gazprom”, “Rosneft”, “Transneft” and FGC UES from “BBB” to “BBB-“. It is said in the press-release of the agency, Interfax-Ukraine reports.

The review has also affected the ratings of “Federal Passenger Company”, subsidiary of RZhD. The outlook is negative for all ratings.

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