MOSCOW/LONDON (Sputnik) — Fitch ratings said Monday it had affirmed Russian energy giant Gazprom's Long-term foreign currency Issuer Default Rating (IDR) at 'BBB-' with the negative outlook.
"Gazprom's ratings reflect our expectations that it will remain a vital gas supplier to Europe over the medium term," Fitch said in a statement.
"The IDR and Outlook are capped by that of Russia [BBB-/Negative]," Fitch stressed.
US sanctions against a Yuzhno-Kirinskoye offshore field in the Sea of Okhotsk, owned by Russia’s energy giant Gazprom, are unlikely to affect the company’s operations, Fitch Ratings said in a statement Monday.
On August 7, the United States extended the sanctions they imposed against Russia over its alleged involvement in the Ukrainian crisis, blacklisting the Yuzhno-Kirinskoye field.
"We also believe the latest US sanctions against the Yuzhno-Kirinskoye oil and gas field should not materially affect its [Gazprom’s] operations," Fitch said.
According to Kremlin spokesman Dmitry Peskov, the US sanctions against the field would not seriously affect the performance of Russia's oil and gas industry.
