Gazprom Neft credit ratings in 2011

Gazprom Neftís long-term credit ratings were confirmed in 2011 as BBB- (Standard†& Poorís) and Baa3 (Moodyís), with both carrying a†stable forecast.

At the†end of 2010, Standard & Poor's reviewed and changed its rating forecast for Gazprom Neft from negative to stable. Simultaneously, the†agency confirmed the†Companyís long-term credit rating of ¬¬¬- and its national scale rating of ruAA+.

The Companyís ratings were not reviewed by Standard & Poorís during 2011.

The Companyís credit ratings are investment grade, which creates additional opportunities for loan financing and reduces the†cost of loans.

Rating Agency

Scale

Rating

Forecast

Standard &†Poorís

International scale, foreign currency

¬¬¬-

Stable


International scale, national currency

¬¬¬-

Stable


National scale (Russia)

ruAA+

Stable

Moodyís

International scale, foreign currency

¬ŗŗ3

Stable

Ratings history
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