Ukraine’s prosecutor general seen as possible successor to President Poroshenko — MPWorld October 25, 0:23
51 ceasefire violations reported in Syria in past day — Russian reconciliation centerWorld October 24, 23:32
Two Ukrainian cities support initiative for broader status of Russian languageWorld October 24, 23:31
Russian Baltic Fleet’s training ship Smolny ends its visit to GreeceMilitary & Defense October 24, 21:23
Diplomat: US needs alleged attack on Russian ministry website to hype up cyberwar topicRussian Politics & Diplomacy October 24, 21:03
IOC confirms talks between Thomas Bach and Russia’s whistleblowing couple StepanovsSport October 24, 20:34
Scottish rockers Nazareth will record album with new vocalist in 2017Society & Culture October 24, 20:23
Lavrov, Kerry agree to continue consultations on Aleppo — ministryRussian Politics & Diplomacy October 24, 20:11
Russian diplomat does not rule out Ukraine may provoke another gas crisis with EURussian Politics & Diplomacy October 24, 19:50
LONDON, November 2. /TASS/. Fitch upgraded long-term foreign and local currency issuer default ratings of the Russian oil and gas producer Bashneft from "BB" to "BB+" with the stable outlook, the international rating agency said on Monday.
Bashneft will maintain a strong financial and operating performance despite the depressed oil prices, Fitch said.
"We expect Bashneft's upstream output to keep rising at its newly operational Trebs and Titov and Burneftegaz sites while its production in the Republic of Bashkiria (Bashkortostan), its stronghold, is likely to remain stable," the rating agency said.
Financial profile of the Russian oil and gas producer will remain robust as progressive taxation in the Russian oil industry and a flexible ruble exchange rate partially alleviate the negative effect of low oil prices, even after considering the recently announced 2016 tax increase, Fitch reported.