Annual Report 2013

Credit Ratings

STANDART & POOR’S CREDIT RATING:

IDGC of Centre is one of the few power grid companies to receive an international credit rating. Standard & Poor`s upgraded the Company’s rating in February 2013 by one point to “ВВ” with a “Stable” outlook.

CREDIT RATING HISTORY SINCE 2009:

Long-term credit rating on international scale Outlook Period Status Short-term credit rating on international scale Long-term credit rating on national scale
ВВ Negative 03’ 2014 Confirmed В ruAA
ВВ Stable 02' 2013 Assigned В ruAA
ВВ–  Stable 05' 2012 Confirmed В ruAA–
ВВ– Stable 02' 2011 Confirmed В ruAA–
ВВ– Stable 07' 2010 Confirmed В ruAA–
ВВ– Stable 11' 2009 Assigned В ruAA–

The Company has been maintaining its credit rating history since 2009.

Due to the revision of the credit rating outlook for the Russian Federation in March 2014, Standard & Poor`s lowered the outlook for IDGC of Centre from “Stable” to “Negative” when confirming its credit rating at the “BB” level.

NRA CREDIT RATING:

Besides, IDGC of Centre has a national rating of “АА” (Very High Reliability, Level 2), assigned by the National Rating Agency (NRA).

CREDIT RATING HISTORY SINCE 2007:

Credit rating on the national scale PeriodStatus
АА Very High Credit Quality Level 2 12' 2013 Confirmed
АА Very High Credit Quality Level 2 04' 2013 Assigned
АА– Very High Credit Quality Level 3 09' 2012 Confirmed
АА– Very High Credit Quality Level 3 12' 2011 Confirmed
АА– Very High Credit Quality Level 3 12' 2010 Assigned
А+ High Credit Quality Level 1 10' 2010 Confirmed
А+ High Credit Quality Level 1 09' 2009 Confirmed
А+ High Credit Quality Level 1 09' 2008 Assigned
А High Credit Quality Level 2 08' 2007 Assigned

For details on the history of credit ratings, please visit our corporate website.