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Published on 5/29/2007 in the Prospect News Convertibles Daily.

Fitch rates Lukoil notes BBB-

Fitch Ratings said it assigned Lukoil International Finance BV's upcoming notes a rating of BBB-. The amount of the notes will be disclosed at a later time. The noteholders will rely on a senior unsecured guarantee from OAO Lukoil for repayment.

The notes are senior unsecured obligations of the issuer.

Earlier this year, Fitch gave Lukoil foreign- and local-currency issuer default ratings of BBB- and a short-term foreign-currency rating of F3. The outlooks for the issuer default ratings are stable.


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