Moody's corrected ratings of state companies of RF, Ukraine, Kazakhstan

/REUTERS, Moscow, July 11, 05/ - International rating agency Moody's corrected ratings of the issuer of eight companies of Russia, Ukraine and Kazakhstan, which on June 23 were assigned or raised to the level of above sovereign. Agency's message says that though ratings of separate debt instruments, particularly, issued according to norms of foreign law, may exceed country's "ceiling", rating of issuer should be below sovereign or at the level. "Moody's corrected ratings of issuer in foreign currency or corporate ratings in order to restrain sovereign "ceiling", - agency's message says. Below corrected version of ratings, changed or assigned on June 23 are given. KEGOC (Kazakhstan): - long term rating of issuer on liabilities in local currency at the level "Ваа1" with positive prognosis was assigned; - long term rating of issuer on liabilities in foreign currency "Baa2" with positive prognosis was corrected to the level "Ваа3" with positive prognosis. Intergas Central Asia (Kazakhstan): - corporate rating "Baa2" with stable prognosis was corrected to "Ваа3" with positive prognosis; - long term rating of issuer on liabilities in foreign currency "Baa2" with stable prognosis was corrected to "Ваа3" with positive prognosis; - rating of eurobonds for the amount $250 m. with maturity date in 2011 was confirmed at the level "Baa2" with stable prognosis. KazTransOil (Kazakhstan): - corporate rating "Baa2" with stable prognosis was corrected to the level of "Ваа3 with positive prognosis; - rating of eurobonds for the amount $150 m. with maturity date in 2006 was confirmed at the level "Baa2" with stable prognosis. Kazakhstan Temir Zholy (Kazakhstan): - rating of issuer on liabilities in foreign currency "Baa1" with positive prognosis was corrected to "Ваа3" with positive prognosis. Gasprom (RF): - rating of issuer on liabilities in local currency"Baa2" with positive prognosis was corrected in "Ваа3" with positive prognosis; - rating of priority unsecured notes to participate in credit was confirmed at the level "Baa2" with positive prognosis. RRR OJSC (RF): - rating of issuer on liabilities in foreign currency "Baa2" with stable prognosis was corrected in "Ваа3" with positive prognosis. Transneft (RF): - rating of issuer on liabilities in foreign currency "Baa1" with positive prognosis was corrected in "Ваа3" with positive prognosis; - rating of issue on liabilities in local currency at the level "Baa1" with positive prognosis was confirmed. Ukraine Naftogas: - corporate rating Baa2 with stable prognosis was corrected in to the level "B1" with stable prognosis; - rating of priority unsecured notes to participate in credit for the amount $500 m. with maturity date in 2009 was confirmed at the level "Ba2" with stable prognosis. [2005-07-11]