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Fitch affirms Naftogaz Ukrayinys at 'B-' rating, stable outlook
Journal Staff Report

KYIV, April 8 - Fitch Ratings has affirmed NJSC Naftogaz Ukrayiny' Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'B-' with stable outlooks, according to a report on the rating agency's website.

"The affirmation reflects Naftogaz's strong links with its sole shareholder Ukraine (B-/Stable)," the report says.

The rating also takes into account Naftogaz's weak liquidity profile but overall relatively low leverage and also some uncertainty related to domestic gas prices, the unbundling of the international transit business and political risk.




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