Fitch affirms Naftogaz

Fitch Ratings said it affirmed NJSC Naftogaz of Ukraine's long-term foreign and local currency issuer default ratings at B-.

The outlooks are stable.

The agency said the affirmation reflects Naftogaz's strong links with its sole shareholder Ukraine (B-/stable) under Fitch's government-related entities rating criteria and an assessment of the company's standalone credit profile at B-, which is at the same level as the sovereign's issuer default rating.

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