Fitch improved the Outlook on LUKOIL to positive

© naviny.byFitch Ratings. Archival photoFitch improved the Outlook on LUKOIL to positive© naviny.by

International rating Agency Fitch improved the Outlook on the rating of «LUKOIL» and JSC «Company «Sukhoi» and JSC «Atomenergoprom» to «positive» from «stable,» reads a release from the Agency.

In addition, the long-term Issuer default rating in foreign currency (IDR) of «LUKOIL» and «Atomenergoprom» was affirmed at BBB-and long-term IDR of ‘ Dry ‘ — ‘BB-«.

The rating action reflects the Agency’s forecast on ratings of the Russian Federation on September 22. The Agency notes that the rating of «LUKOIL» is limited to the assessment of Russia, as the authorities have an impact on the oil and gas sector and the activities of companies in this sector through taxation and regulation.

Change of evaluation ratings of «Atomenergoprom» also depends on the evaluation ratings of the Russian Federation, as the company is owned by a state Corporation for atomic energy «Rosatom» and is of strategic importance for the implementation of the state program of development of atom for peaceful purposes.

Ratings of «Dry» at the three positions behind the ratings of the Russian Federation due to the lack of a clear public assurance of support debt, the company enters into an Agency.

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