Ratings

www.standardandpoors.com
Date Forecast Description
October 24, 2008 ВВВ (outlook: negative)

Gas Giant Gazprom Outlook Revised To Negative After Same Action On Russia; Affirmed At 'BBB'  (PDF, 21 KB)

November 29, 2006 ВВВ (outlook: stable)

Russian Gas Company OAO Gazprom Lifted To 'BBB' On State Influence; Off Watch; Outlook Stable  (PDF, 28 KB)

October 13, 2006 ВВВ- (outlook: stable)

Gazprom Rating Raised To 'BBB-'; Outlook Stable  (PDF, 24 KB)

January 16, 2006 BВ+

OAO Gazprom L-T Rating Raised To 'BB+' On Increasing Government Support; Outlook Positive  (PDF, 21 KB)

October 13, 2005

Gazprom To 'BB' On Expected Strong 2005 Performance And Government Support; Outlook Positive  (PDF, 21 KB)

July 12, 2005 ВВ- (outlook: positive)

Gazprom Outlook Revised To Positive As Government Strengthens Control; 'BB-' Rating Affirmed  (PDF, 21 KB)

May 18, 2005 ВВ- (outlook: developing)

Gazprom 'BB-' Rating Off Watch Dev And Affirmed On Rosneft Merger Cancellation; Outlook Stable  (PDF, 21 KB)

November 30, 2004 BB-

Gazprom 'BB-' CCR on Watch Developing Following Bid for Yukos Production Subsidiary  (PDF, 20 KB)

September 15, 2004 BВ- (outlook: developing)

Standard & Poor's Ratings Services revised its outlook on Russia-based gas company OAO Gazprom (Gazprom) to developing from stable  (PDF, 26 KB)

November 24, 2003 ВВ- (outlook: stable)

Standard & Poor's Ratings Services raised its corporate credit rating on Russian gas company OAO Gazprom (Gazprom) to 'BB-'from 'B+'  (PDF, 26 KB)

December 6, 2002 В+ (outlook: positive)

Standard & Poor's Ratings Services revised its outlook to positive from stable on Russian gas giant OAO Gazprom  (PDF, 25 KB)

December 20, 2001 В+ (outlook: stable)

Rating on Russian Gas Giant OAO Gazprom Raised to 'B+' After Russia Upgrade; Outlook Stable  (PDF, 14 KB)

November 26, 2001 В (outlook: positive)

Russian Gas Giant OAO Gazprom Assigned 'B' Long-Term Corporate Credit Rating; Outlook Positive  (PDF, 17 KB)

www.fitchratings.com
Date Forecast
February 4, 2009 “BВB” (outlook: negative)

Outlook changed from “stable” to “negative”  (PDF, 222 KB)

April 1, 2008 “BВB” (outlook: stable)

Long-term credit rating upgraded from “ВВВ-” to “ВBВ”  (PDF, 261 KB)

December 5, 2006 “BВB-” (outlook: positive)

Outlook changed from “stable” to “positive”  (PDF, 244 KB)

July 13, 2006 “BВB-” (outlook: stable)

Long-term credit rating upgraded from “ВВ+” to “ВBВ-”  (PDF, 265 KB)

August 12, 2005 “BB+” (outlook: stable)

Long-term credit rating upgraded from “BB” to “ВВ+”  (PDF, 218 KB)

November 18, 2004 “BB”

Rating revised from Rating Watch Evolving to Rating Watch Positive  (PDF, 204 KB)

September 16, 2004 “BB”

Rating placed on Rating Watch Evolving  (PDF, 213 KB)

September 16, 2003 “BB” (outlook: stable)

Assignment of credit rating  (PDF, 138 KB)

www.moodys.com
Date Forecast Description
July 31, 2009 “Вaa1” (outlook: stable). Credit rating downgraded from “А3” to “Baa1”

Moody's assigns Gazprom Prime-2 short-term rating  (PDF, 25 KB)

April 3, 2009 “Вaa1” (outlook: stable). Credit rating downgraded from “А3” to “Baa1”

Moody's downgrades Gazprom's ratings to Baa1  (PDF, 31 KB)

December 15, 2008 “А3” outlook changed from “positive” to “stable”

Moody's changed Gazprom's outlook to stable  (PDF, 29 KB)

July 16, 2008 “А3” outlook upgraded from “stable” to “positive”

Moody's: Gazprom and Russian Railways outlooks changed to positive  (PDF, 27 KB)

December 19, 2006 “А3” (outlook: stable). Credit rating upgraded from “Вaa1” to “А3”

Moody's upgrades Gazprom to A3 Stable Outlook  (PDF, 32 KB)

May 24, 2006 “Baa1” (outlook: stable). Credit rating upgraded from “Вaa2” to “Baa1”

Moody's announces rating impact of revised policy on foreign-currency ceilings for corporate issuers in Emea Region  (PDF, 32 KB)

October 26, 2005 “Baa2” (outlook: stable). Credit rating upgraded from “Вaa3” to “Baa2”

Moody's upgrades Gazprom's ratings following upgrade of Russia's sovereign ratings  (PDF, 28 KB)

July 8, 2005 “Вaa3” (outlook: positive). Credit rating downgraded from “Вaa2” to Baa3

Correction: Moody's adjusts and assigns issuer and corporate family ratings; affirms debt ratings  (PDF, 31 KB)

June 23, 2005 “Вaa2” (outlook: positive). Credit rating upgraded from “Вaa3” to “Вaa2”

Moody's announces rating impact of 'GRI' methodology for corporate issuers in Emea Region  (PDF, 70 KB)

December 8, 2004 “Вaa3” (outlook: positive). Credit rating upgraded from “Вa1” to “Вaa3”

Moody's upgrades to Baa3 Gazprom's issuer and debt ratings; outlook positive  (PDF, 34 KB)

September 15, 2004 “Вa1”. Rating placed on review for possible upgrade

Moody's places Gazprom's and rosneft's ratings on review for possible upgrade following acquisition announcement  (PDF, 31 KB)

April 22, 2004 “Ba1” (outlook: stable). Assignment of credit rating

Moody’s assigns Ba1 senior implied and Ba2 issuer ratings to Gazprom, as well as a (P)Ba2 rating to its proposed loan participation notes  (PDF, 70 KB)