S&P: MOL unaffected

Standard & Poor's said its ratings and outlook on MOL Hungarian Oil and Gas plc (BBB-/stable) remain unchanged following the announcement that oil supplies via the Belarus Druzjba pipeline have been stopped by Russia due to pricing disputes between Belarus and Russia.

The disruption has affected several countries including Hungary, Germany and Poland, the agency said, noting that it views MOL's overdependence on Russian supplies as a credit weakness.

The company, however, currently has sufficient financial flexibility to absorb a temporary interruption in oil supplies, the agency said.

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