Friday, January 20, 2006
Fitch affirms oil major Tatneft's long-term rating at B
20.01.2006 IntelliNews Today - According to Fitch Ratings, the agency affirmed oil major Tatneft's long-term credit rating at B. At the same time, the long-term rating of Turkey-based Tupras oil refinery was affirmed at BB+. The ratings were removed from a Rating Watch list. The outlooks for all the ratings are stable. The action reflects the Turkish Privatization Agency's negative decision and earlier agreed sale of the refinery's 65.76% stake to the consortium led by Tatneft for USD 1.3bn was cancelled.
# posted by Deval : 2:21 AM
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