S&P puts Novatek on watch

Standard & Poor's said it placed the BBB- long-term corporate credit rating of OAO Novatek on CreditWatch with negative implications.

"The CreditWatch placement reflects uncertainty about the potential implications of Novatek's intention to acquire a 51% interest in SeverEnergia, a Russian gas, oil and condensate greenfield upstream asset," S&P analyst Per Karlsson said in a statement.

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