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S&P not to review Rosneft's rating

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MOSCOW, July 21 (RIA Novosti) - International ratings agency Standard & Poor's deleted Russian state-run oil producer Rosneft from its list of companies to be reviewed, confirming its "B-" rating and its "developing" outlook.

According to the agency's press release, S&P put the company on review December 24 after Rosneft announced it was buying Yuganskneftegaz.

Rosneft owns a 76.79 % stake in Yuganskneftegaz, Yukos' former major production unit.

Rosneft is Russia's only entirely state-owned oil company.

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