OREANDA-NEWS. Standard & Poor's, a rating agency, has upgraded OAO LUKOIL’s long-term issuer credit rating and ratings of all its liabilities from BB+ to BBB-. The outlook is Stable.

According to Standard & Poor's, the rating confirms LUKOIL's status as the largest vertically integrated oil company, its high export revenue, international diversification and robust financial performance.

At present, LUKOIL enjoys investment grade ratings provided by three leading rating agencies: Moody’s (Baa2), S&P (BBB-) and Fitch (BBB-).