*** "Frozen" rating value. A high rating is not a guarantee of profitable loans.
***** The Chinese rating agency CSCI Pengyuan confirmed Gazprom's highest credit rating at AAA level on the national scale and A-i on the international scale with a stable outlook. The Chinese think pragmatically: the state controls 50.23% of Gazprom shares, the company is closely integrated into the national energy strategy, which means that the Kremlin will certainly not abandon its gas giant in trouble and "throw" "state covers" any cash gaps. I assume that in this case the high rating reflects not so much the strength of the market as the "strategic untouchability" of Gazprom - they say, and in this case the state will actually insure the company against default. But I think that this is precisely why the foreign creditors can stay away from "our national property", since for them "state support = political risk", and a loan to Gazprom today means taking regulatory sanctions and threats. I have this version too This rating is an ideal diplomatic maneuver for Beijing in protracted gas price negotiations. By giving Gazprom compliments in the form of high scores, China is simultaneously using its sales vulnerability as a powerful lever for pressure. The real goal of the Celestial Empire is not to help finance the company, but to extract the maximum discount on gas under future contracts (including the power of the Baikal, that is, the power of the former Siberia - 2) and keep current prices at a minimum. Beijing seems to be saying: "We officially recognize you as a reliable author, and since you are so powerful and supported by the state, then give us a little more price." What do you think, colleagues, will a high Chinese rating help remove the "dam" in the way of credit and investment flows - for example, will one of the Asian or Middle Eastern banks risk issuing a large syndicated loan to Gazprom for this rating, or will everything be limited to "friendly" pats on the back.