Moody's downgrades Gazprom foreign-currency ratings to Baa3 from Baa2
Moody's Investors Service has downgraded Gazprom's foreign-currency ratings to Baa3 from Baa2 and local-currency ratings to Baa2 from Baa1, which it reported in a statement on Tuesday.
Concurrently, Gazprom's short-term foreign-currency ratings have been downgraded to Prime-3 from Prime-2 and its short-term local-currency ratings have been affirmed as Prime-2.
All ratings remain on review for further downgrade.
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