14 March 2022
Statement regarding Tatneft's ratings by Moody's and Fitch
PJSC Tatneft (the "Company") announces that on 11 March 2022 Fitch Ratings downgraded the long term credit rating of the Company to 'CC', and on 10 March 2022 Moody's Investors Service downgraded the long term credit rating of the Company to 'Caa2' with Negative Outlook.
The downgrades followed respective actions by the credit rating agencies relating to Russia's sovereign ratings.
This press release contains inside information.
Forward-looking statements: This press release contains or may contain certain statements about future events and expectations that are forward-looking in nature. Any statement in this press release that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. PJSC Tatneft assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.