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Published on 8/20/2010 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

S&P ups Gazprom

Standard & Poor's said it raised the short-term rating on OAO Gazprom to A-2 from A-3.

The upgrade follows a revision of the outlook to stable on Gazprom, which has a long-term corporate credit rating of BBB, S&P said.

The upgrade also considers the company's improved liquidity situation, the agency said.


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