ACRA confirms Gazprom's credit rating

AK&M 28 January 2022 17:26
Analytical Credit Rating Agency confirmed the credit rating of PJSC Gazprom on January 28, 2022 at the AAA(RU) level, the forecast is "stable", and its bonds are at the AAA(RU) level. This is stated in the agency's message.

Credit rating of PJSC Gazprom due to the very high assessment of the company's support from the state. The company's own creditworthiness is determined by a very strong business profile, low industry risk and a strong financial profile. The increase in the assessment of its own creditworthiness to "aaa" is associated with an improvement in the company's debt burden.

Gazprom is one of the world's largest integrated energy companies. Gazprom's share in global gas production is 11%, in Russia — 66%. The Group is among the largest oil producers in the Russian Federation (through PJSC Gazprom Neft, ACRA — AAA rating (RU), Stable forecast). Gazprom owns large energy generating assets (through Gazprom Energoholding LLC). The company also owns a gas transmission system with a length of 176.8 thousand km.