.Moody's Investors Service has downgraded Gazprom's foreign-currency ratings to Baa3 from Baa2 and local-currency ratings to Baa2 from Baa1, which it reported in a statement on Tuesday.
Concurrently, Gazprom's short-term foreign-currency ratings have been downgraded to Prime-3 from Prime-2 and its short-term local-currency ratings have been affirmed as Prime-2.
All ratings remain on review for further downgrade.
Note: Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Investors Service provides international financial research on bonds issued by commercial and government entities and, with Standard & Poor'sand Fitch Group, is considered one of the Big Three credit rating agencies.