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Ratings

     Moodys Credit Opinion

 

Outlook:              

Stable

Corporate Family Rating:

Ba3

NSR Corporate Family Rating:

Aa3.ru

 

 

Date of Rating Assignment:

October 18, 2006

Rating Affirmed on:

December 14, 2009

 

     The company's Ba3 Corporate Family Rating reflects the combination of a Baseline Credit Assessment ("BCA") of 14 (on the scale of 1 to 21 where 1 represents the equivalent risk of  a Aaa, 2 of a Aa1 etc.), the Baa2 local currency rating of the Russian state, a high dependence and medium support.

 

     Moody’s Credit Opinion as of October 18, 2006 (press release)

 

     Moody's Credit Opinion as of December 14, 2009 (rating affirmed)

 

 

 

 

    

    Standard & Poor’s GAMMA Score

 

Score:    

GAMMA-6

Date of Rating Assignment:

September 7, 2009

 

 

     Score components:

 

Shareholder influence:

6+

Shareholder rights:

7

Transparency, audit and risk management:

6

Board effectiveness, strategic process and incentives:

6

 

     Go to Standard&Poor's press-release

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