Fitch affirms Nizhnekamskneftekhim at A-(rus)

Fitch Ratings said it has affirmed OAO Nizhnekamskneftekhim's long-term foreign currency issuer default rating at B+, short-term foreign currency issuer default rating at B and national long-term rating at A-(rus).

Fitch has also affirmed the senior unsecured rating at B+/RR4.

The outlook on the long-term ratings is stable.

The agency said that the ratings reflect Nizhnekamskneftekhim's improved operating performance, product mix and financial standing post completion of its large capex program.

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