S&P reduced the Rating of VTB Bank and the six largest Russian companies

The International rating agency Standard & Poor's lowered credit ratings of a number of largest Russian energy and transport companies, reports Lenta.ru.

So, the ratings of Gazprom, Rosneft, Transneft, FSK UES, Russian Railways and its subsidiary - the Federal Passenger Company were lowered. Credit ratings in foreign currency for all six companies were reduced from "BB" to "BBV".

Last week, the Standard & Poor's rating agency reduced the sovereign rating of Russia from BBB to BBB- with the rating of "Negative". Now this indicator is only a step higher than the "garbage" level.

“Negative forecasts for all these issuers reflect a negative forecast for Russia,” the S&P statement is noted in the statement of these organizations directly depends on the state ratings, taking into account their role and connection with the state. ”

In addition, the S&P has lowered, with a negative forecast, a long-term credit rating in the foreign and national currency of VTB Bank and its subsidiaries: VTB Insurance, VTB Lizing, VTB Liding Financial, Bank of Moscow and VTB Capital-also with BBB BBB-.

In March, Fitch, another agency from the "Big Three", worsened the forecast for Russia's rating from "stable" to "negative". The company explained the revision of ratings by the potential impact of sanctions on Russian economies and business climate. In response to reducing ratings by international agencies, the Russian authorities announced the need to support the creation of a domestic global rating agency. The country's leadership has repeatedly stated that the country's rating may be underestimated due to political pressure from foreign states.