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Published on 10/20/2016 in the Prospect News Emerging Markets Daily.

Fitch lifts several Russia companies view to stable

Fitch Ratings said it took several rating actions on Russian companies following the recent revision of the outlook of the Russian sovereign ratings.

The agency recently revised Russia’s outlook to stable from negative.

The outlook on JSC Atomic Energy Power Corp. was revised to stable from negative and its long-term foreign-currency issuer default rating was affirmed at BBB-.

The outlook on Gazprom also was revised to stable from negative and it long-term foreign-currency issuer default rating was affirmed at BBB-.

The outlook on Gazprom Neft was revised to stable from negative and its long-term foreign-currency issuer default rating was affirmed at BBB-.

The outlook on Lukoil PJSC was revised to stable from negative and its long-term foreign-currency issuer default rating was affirmed at BBB-.

The outlook on OAO Novatek was revised to stable from negative and its long-term foreign-currency issuer default rating also was affirmed at BBB-.

The outlook on Russian Railways JSC was revised to stable from negative and its long-term foreign-currency issuer default rating at BBB-.

The outlook on JSC Federal Passenger Co. was revised to stable from negative and its long-term foreign-currency issuer default rating at BB+.

The outlook on Federal Grid Co. of Unified Energy System was revised to stable from negative and its long-term foreign-currency issuer default rating at BBB-.

The outlook on Rostelecom OJSC was revised to stable from negative and its long-term foreign-currency issuer default rating was affirmed at BBB-.

The outlook on Sukhoi Civil Aircraft JSC was revised to stable from negative and its long-term foreign-currency issuer default rating was affirmed at BB-.

The outlook on Tatneft PJSC was revised to stable from negative and its long-term foreign-currency issuer default rating was affirmed at BBB-.

The outlook on PJSC Inter RAO was revised to stable from negative and its long-term foreign-currency issuer default rating was affirmed at BBB-.

The outlook on PAO Severstal was revised to stable from negative and its long-term foreign-currency issuer default rating was affirmed at BBB-.

The outlook on Novolipetsk Steel was revised to stable from negative and its long-term foreign-currency issuer default rating was affirmed at BBB-.


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