Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for PJSC Sibur Holding > News item |
Moody's upgrades NKNK
Moody's Investors Service said it upgraded Nizhnekamskneftekhim's (NKNK) corporate family rating to Ba3 from B1 and probability of default rating to Ba3-PD from B1-PD. NKNK's outlook has changed to stable from positive.
Concurrently, the agency affirmed the Baa3 issuer rating of PJSC Sibur Holding, and the Baa3 backed senior unsecured ratings of Sibur Securities DAC.
These actions follow Sibur acquiring certain assets of JSC TAIF, including NKNK, Moody’s said.
“The stable outlook on NKNK's ratings reflects Moody's view, that following the transaction, the company's business profile has improved, however, further positive rating migration would be subject to the pace of integration and stand-alone performance improvements, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.