Fitch affirms RussNeft rating at CC, withdraws due to sanctions
<p> MINSK, Jul 21 - PrimePress. Fitch Ratings has confirmed the long-term issuer default rating (IDR) of Russian oil company RussNeft at ‘CC’ and has simultaneously withdrawn it, the agency said in a statement on Tuesday. </p> <p> </p> <p> The agency explained the withdrawal by the sanctions imposed on tycoon Mikhail Gutseriyev by the E.U. </p> <p> </p> <p> Gutseriyev used to be chairman of RussNeft’s board of directors, but stepped down after the E.U. blacklisted him for supporting Belarusian President Alexander Lukashenko. The shareholders of the company elected a new board of directors without Gutseriyev in late June. </p> <p> </p> <p> Earlier in July, RussNeft said that an independent legal review established that Gutseriyev does not control RussNeft. End </p> <p> </p>
2021-07-22
Primepress
Fitch affirms RussNeft rating at CC, withdraws due to sanctions
MINSK, Jul 21 - PrimePress. Fitch Ratings has confirmed the long-term issuer default rating (IDR) of Russian oil company RussNeft at ‘CC’ and has simultaneously withdrawn it, the agency said in a statement on Tuesday.
The agency explained the withdrawal by the sanctions imposed on tycoon Mikhail Gutseriyev by the E.U.
Gutseriyev used to be chairman of RussNeft’s board of directors, but stepped down after the E.U. blacklisted him for supporting Belarusian President Alexander Lukashenko. The shareholders of the company elected a new board of directors without Gutseriyev in late June.
Earlier in July, RussNeft said that an independent legal review established that Gutseriyev does not control RussNeft. End