Fitch revises Naftogaz view to positive

Fitch Ratings said it revised the outlook on the NJSC Naftogaz of Ukraine's long-term foreign-currency issuer default rating to positive from stable and affirmed the issuer rating at B.

“The outlook revision follows the revision of the outlook on Ukraine's sovereign rating (B/positive) and the application of Fitch's government-related entities (GRE) rating criteria. Fitch equalizes Naftogaz's ratings with those of sovereign, reflecting the company's strong links with the sovereign and our assessment of the company's standalone credit profile (SCP) at b-,” the agency said in a press release.

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