Moody's rates Novatek

Moody's Investors Service said it assigned a Ba2 corporate family rating to OAO Novatek.

The outlook is stable.

Concurrently, Moody's Interfax Rating Agency has assigned an Aa2(ru) long term national-scale rating to the company.

According to Moody's, the Ba2 global-scale corporate family rating reflects Novatek's global default and loss expectation, while the Aa2(ru) rating reflects the standing of Novatek's credit quality relative to its domestic peers.

Moody's stated that Novatek's ratings reflect the group's substantial reserves, primarily natural gas, very high operating and capital efficiency, limited exposure to commodity price risk given low prices of domestic Russian gas, strong growth prospects from increasing domestic demand and tighter supply as well as Novatek's clear and transparent group structure.

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