OREANDA-NEWS. Fitch Ratings has today affirmed Russia-based petrochemicals producer OAO Nizhnekamskneftekhim's ("NKNK") ratings at Issuer Default 'B+', senior unsecured 'B+' and Short-term 'B'. The National Long-term rating is affirmed at 'A(rus)'.The Outlooks on the Issuer Default and National ratings are Stable.

The ratings continue to reflect NKNK's position as the largest petrochemicals producer in Russia, leadership in select products, balanced geographic revenue diversification and adequate profitability.

The company also benefits from being included in the Republic of Tatarstan's (rated 'BB'/'B'/Stable) strategic development programme of the oil, gas and petrochemicals industry.