The long-term corporate credit rating of CJSC SSMO LenSpetsSMU remains ‘В+’ level, outlook – ‘Stable’

07.08.2014

According to the established procedures of monitoring credit ratings by international rating agency Standard & Poor's, the long-term corporate credit rating of CJSC SSMO LenSpetsSMU remains ‘В+’ level, outlook – ‘Stable’.

CJSC SSMO LenSpetsSMU and series 02 bond in circulation keep the level of credit rating, upgraded by Standard & Poor’s rating agency in July 2013 at ‘B+’ (international scale) and at ‘ruA+’ (national scale).

Standard & Poor's updates information about the levels of credit ratings on the official website.

REFERENCE:

The current rating of CJSC SSMO LenSpetsSMU is B+/Stable/B; ruA+.

LenSpetsSMU is the first Russian construction company to receive and post credit ratings from Standard & Poor's, the largest and most stringent international rating agency.

CORPORATE CREDIT RATINGS HISTORY

22.12.2006

The rating as per international scale – ‘B’, outlook – stable, the rating as per national scale – ‘ruA-’ were assigned.

12.12.2007

The outlook as per the international scale was revised from «stable» to «positive».

The rating as per national scale was increased from ‘ruA-’ to ‘ruA’.

07.10.2008    

The outlook as per international scale was revised from «positive» to «stable» due to the financial crisis and wider deterioration of the economy.

The rating as per the national scale was unaltered.

24.07.2012

The outlook as per the international scale was revised from «stable» to «positive».

29.07.2013

Long term credit rating was revised from ‘B’ to ‘B+’ with a stable outlook

The rating as per national scale was increased from ‘ruA’ to ‘ruA+’.

Since 2006 Standard & Poor’s assigned rating to debentures ZAO TSUN (a part of LenSpetsSMU Group) and also issues of bonds of CJSC SSMO LenSpetsSMU (one of which (series 02 totaling RUB 5 bn) still in circulation).

In April 2014 Standard & Poor's published a research on LenSpetsSMU in accordance with the changed methodology of the Agency.

CONTACT DETAILS:

Elena Kazakova

Head of Public Relations

+7 (812) 348-21-25

Elena.Kazakova@etalongroup.com

Yana Yashchenko

Deputy CFO

+7 (812) 348-09-95

Yana.Yashchenko@etalongroup.com