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The Central Bank of the Russian Federation K OF THE RUS N SI A AN NTRAL B F EDERA CE TI E O TH N

The Central Bank of the Russian Federation K OF THE RUS N SI A AN NTRAL B F EDERA CE TI E O TH N

inter- national rating agency not lower than B/B2 from April 1, 2011, and not lower than B+/B1 from July 1. The Bank of

one international rating agency at B-/B3, which is further increased to B/B2 from April 1, and to B+/B1 from July 1. The

one of interna includes tional rating agencies at the level not below B- according to the classification of Standard & Poor’s or Fitch Ratings, or

accepted as collateral for Bank of Russia loans, by two notches to B-/B3 assigned by Fitch Ratings, Standard & Poor’s and Moody’s Investors

as col lateral against Bank of Russia loans by two notches, to B-/ B3 used by rating agencies Fitch Ratings, Standard & Poor’s and Moody

for the bond issuer international rating, which should be no lower than B+ nated loans stood at 5.43% p.a. in the fourth according

R. Amundsen Silver 900/1000 5111-0031 07.12.1995 5115-0004 25 rubles V.P. Chkalov Silver 900/1000 5115-0004 07.12.1995 5216-0013 50 rubles

House Gold 900/1000 5216-0001 24.11.1992 5217-0001 100 rubles M.V. Lomonosov Gold 900/1000 5217-0001 24.11.1992 5318-0001 150 rubles The