Fitch: Sibur unchanged

Fitch Ratings said that OJSC Gazprombank's sale of 50% of CJSC Sibur Holding's stock to JSC Miracle has no immediate rating impact on Sibur, based on the information obtained so far.

Nonetheless, Fitch said it is currently seeking additional information about several aspects of the transaction.

The review will focus on the refinancing and liquidity risk resulting from change of control clauses under Sibur's existing loan documentation, Fitch said.

The agency said it will watch for changes in its financial strategy resulting from the new shareholder structure.

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