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2006 October 13   14:16

S&P upgrades Gazprom's raiting to BBB- and Gazprom Neft's rating to BB+

International rating agency Standard & Poor's said Friday it has upgraded its rating of Russian energy giant Gazprom to BBB- from BB+, RIA Novosti reports.

The agency also upgraded Gazprom subsidiary Gazprom Neft [RTS:SIBN] to BB+ from BB. The outlook on the ratings is stable.

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