OREANDA-NEWS. Standard & Poor's Ratings Services said today it placed its 'BB+' corporate credit rating and 'ruAA+' national scale rating on Russia-based oil company JSC Gazprom Neft on CreditWatch with positive implications.

The action reflects yesterday's placement of the parent OAO Gazprom (BBB-/Watch Pos/--), on CreditWatch with positive implications as part of a review of government influence on government-related entities (GREs) in Russia.

"The CreditWatch listing is expected to be resolved in conjunction with that of its parent over the next several weeks following reviews of the risks and benefits of links to the Russian Federation (foreign currency ratings BBB+/Stable/A-2, local currency ratings A-/Stable/A-2), as well as other relevant credit quality factors," Standard & Poor's credit analyst Rob Richards.