Moody’s downgrades Gazprom and 13 more Russian companies

 Moody’s downgrades Gazprom:  Within hours of downgrading a number of Russian regions and cities, Moody’s international rating  agency announced that it was also demoting a  further 14 Russian companies outside the financial sector from Baa3 to Ba1. The list includes Rosneft, Lukoil,  Novatek, Russian Railways, FPK  and Norilsk Nickel. Moody’s justified the downgrades on  the deterioration of business conditions in the  country.

Source: BFM