“Moody’s” rates “BAHNEFT” with stable forecast

The international rating agency “Moody’s Investors Service” gave corporate credit rating and rating of default probability Ba2 to JSC “BASHNEFT”. The forecast on both ratings is ’stable”. “Moody’s” rates “BASHNEFT” for the first time.

“The ratings BA2, given to “BASHNEFT”, demonstrate first of all the presence of wide-scalded and technologically progressive segment of oil refining as well as the potential of the company on reproduction of its resource base, in particular, due to new oil deposits in Yamal-Nenets autonomous district” – the leading analyst on the oil company “BASHNEFT”, senior analyst of “Moody’s” Julia Pribytkova said.

The “BASHNEFT” press-service reports the ratings reflect the abilities of the company from the point of view of reserves and oil mining, stable financial showings and brightly demonstrated tendency to growth, substantial capital expenses, expected in the nearest future in connection with beginning of exploration of new deposits and many other things.