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S&P affirms Rosneft rating at "BB+" with stable outlook

October 14, 21:36 UTC+3 MOSCOW
Rosneft closed the deal on acquisition of 50.08% of shares in Bashneft on October 12
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MOSCOW, October 14. /TASS/. Standard & Poor's (S&P) confirmed the long-term corporate credit rating of Russian oil producer Rosneft at "BB+" with stable outlook, the international rating agency said on Friday.

"The affirmation reflects our view that Rosneft's credit metrics will not weaken materially after its acquisition of Bashneft," S&P said. "From a business prospective, we think the Bashneft transaction somewhat enhances Rosneft's business risk profile," the rating agency reported.

Rosneft closed the deal on acquisition of 50.08% of shares in Bashneft from the Russian government for 329.7 bln rubles ($5.2 bln) on October 12.

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