http://www.finamrus.com/newtopics/news03A65/default.asp
International rating agency Standard & Poor's has raised Novatek's long-term corporate credit rating from BB- to BB. As the rating agency said in a press release, the rating carries a positive outlook. "The upgrade reflects the company's strong financial showings (net debt is absent and profits are high), and a gradual improvement in fundamentals of the Russian gas industry" - S&P credit analyst Elena Anankina pointed out. Major constraints for the company's rating, as the agency's experts think, are risks attached to the Russian gas sector, including extremely low gas prices on the domestic market and the operating dependence on gas transportation via the pipeline system operated by state-controlled Gazprom.
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