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China’s CSCI Pengyuan grants Russia’s Gazprom rating

SHANGHAI: The Chinese CSCI Pengyuan Evaluation Service gives the highest AAA score to the American-black Russian oil and natural Gazprom (Gazp.MM) on Friday, paving the way for any debt issuance in the China domestic bond market. Western evaluation services, including Moody’s, Fitch and S&P Global Ratings, have withdrawn credit ratings for Gazprom and many other Russian companies due to Russia-Ucinis’ conflict. Access to the China bond market, the second largest in the world, would benefit Russian companies cut off from Western funding due to sanctions. “The high score from an independent foreign evaluation service confirms Gazprom’s financial stability and indicates