Tuesday, April 7, 2009

S & P Ratings suspended ALROSA because of a lack of operational and financial information

International rating agency Standard & Poor's suspended the maintenance of long-and short-term

credit rating "BB-/ B" JSC "AK" Alrosa "due to lack of operational and financial information. This is stated in a communication agency.

"The suspension of the rating process - the result is still insufficient information from ALROSA about the financial and operating performance, as well as prospects for its development, - said the credit analyst of Standard & Poor's Andrey Nikolaev. - In particular, we have no information on volumes of sales in the IV 2008 and I quarter of 2009, as well as details regarding the agreement with the State Enterprise Gohran Russia "(the price

volume and duration of the agreement), which, according to press reports, ALROSA sells diamonds at the moment. "

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