Moody's assigns Ba1 rating to Gazprom's LPNs
London, 03 November 2016-- Moody's Investors Service has today assigned a Ba1 rating with a loss given default assessment of LGD4 to the proposed senior unsecured EUR loan participation notes to be issued by, but with limited recourse to, Gaz Capital S.A., a public limited liability company incorporated in Luxembourg. Gaz Capital will in turn on-lend the proceeds to Gazprom, PJSC for general corporate purposes. The noteholders will rely solely on Gazprom's credit quality to...
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