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Gold/Mining/Energy : OGZPF - OAO GAZPROM SP S

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To: rougevolume who started this subject	9/16/2004 12:02:14 PM
From: rougevolume	of 15

Fitch affirms Gazprom debt ratings Thu Sep 16, 2004 11:00 AM ET NEW YORK, Sept 16 (Reuters) - Fitch Ratings said on Thursday it affirmed giant Russian gas company Gazprom's (GAZPPE.RTS: Quote, Profile, Research) debt but kept the ratings under review following the government's approval of the firm's acquisition of state-owned oil company Rosneft. The rating agency said it affirmed Gazprom's "BB" senior unsecured debt and foreign and local currency ratings. Fitch said the ratings have been placed on "Rating Watch Evolving," reflecting the uncertainty of the rating impact for Gazprom due to the likelihood of increased leverage as a result of the acquisition and an increase of state ownership, Fitch said. reuters.com

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