OJSC Gazprom Neft has been assigned credit ratings by two international credit agencies, Standard & Poor’s (S&P) and Moody’s Investors. In 2012, Standard & Poor’s and Moody’s Investors reaffirmed the long-term credit ratings assigned to the Company. As of the end of 2012, the Company’s S&P international scale national currency rating was BBB- (stable outlook), while the rating assigned by Moody’s was Baa3 (stable outlook). The Company’s credit ratings are investment level and approximate the country (sovereign) ratings assigned by these rating agencies to the Russian Federation.
The investment level ratings assigned to OJSC Gazprom Neft contribute to maintaining and expanding the potential for debt financing and reducing the Company’s borrowing costs.