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Moody's affirms NKNK's Ba3 ratings following a change of ownership structure; outlook stable

March 25, 2016 | Cbonds

Moody's Investors Service has today affirmed the Ba3 corporate family rating and Ba3-PD probability of default rating of Russian Petrochemical company Nizhnekamskneftekhim PJSC (NKNK). This follows the Republic of Tatarstan's (Ba2 under review for downgrade) sale of almost its entire stake in NKNK to Tatneft PJSC (Tatneft, Ba1 under review downgrade). The outlook on the ratings remains stable.

Company: Nizhnekamskneftekhim

Full company nameopen joint stock company Nizhnekamskneftekhim
Country of riskRussia
Country of registrationRussia
IndustryChemical and petrochemical industry

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