EU likely to declare US anti-Russian sanctions invalid within union - Russia’s EU envoyRussian Politics & Diplomacy July 27, 3:41
Russian PM calls situation around Saakashvili's citizenship a weird tragicomedyRussian Politics & Diplomacy July 27, 3:36
Russian Ice Hockey Federation to wage ruthless war on doping abuseSport July 26, 19:53
Two Siberian residents jailed for killing three zoo birds in failed barbeque attemptSociety & Culture July 26, 18:43
Moscow slams Western media allegations about alleged Russian support for TalibanRussian Politics & Diplomacy July 26, 18:31
Ex-Georgian president Saakashvili stripped of Ukrainian citizenshipWorld July 26, 18:25
Russia bolsters military potential in South to respond to emerging threats — defense chiefMilitary & Defense July 26, 16:09
Moscow to frame stance on new sanctions once US bill becomes lawRussian Politics & Diplomacy July 26, 16:03
Kazakhstan hopes to develop its own module for joint space station with RussiaScience & Space July 26, 15:34
MOSCOW, January 22. /TASS/. The international rating agency Moody's placed the ratings of 32 integrated oil, exploration and production, and oilfield services companies in the EMEA region on review for downgrade as it has "adjusted its view downward for the likely range of prices," the agency reported on Friday. Among those affected are Russia’s oil and gas majors Lukoil, Bashneft, Rosneft, Tatneft, Gazprom, Gazprom Neft, Novatek as well as Nord Gold, MMK, Metalloinvest, Alrosa, Uranium One.
The review for downgrade considers that "much weaker industry fundamentals have potential to warrant rating changes" for the companies covered, Moody’s said.
"We see a substantial risk that prices may recover much more slowly over the medium term than many companies expect, as well as a risk that prices might fall further. Even under a scenario with a modest recovery from current prices, producing companies and the drillers and service companies that support them will experience rising financial stress with much lower cash flows," the report said.
As part of its ongoing assessment of energy markets, "Moody's sharply reduced its oil price assumptions in light of continuing oversupply in the global oil markets and demand growth that remains tepid," the agency said. According to the report, "our natural gas and natural gas liquids price assumptions are unchanged."