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Published on 11/21/2006 in the Prospect News Emerging Markets Daily.

Fitch rates Gazprom notes BBB-

This version corrects a rating published in Prospect News on Monday.

Fitch Ratings said it assigned a final BBB- rating to Gaz Capital SA's €500 million issue maturing in 2017 and $1.35 billion issue maturing in 2016.

These are the sixth and seventh tranches under the company's $15 billion loan participation note program (rated BBB-), which relies on a senior unsecured liability of Russia-based OAO Gazprom for repayment.

Fitch's local- and foreign-currency issuer default ratings for Gazprom are BBB- with a stable outlook.


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