Moody’s Rating Agency Confirmed High Investment Rating of SIBUR

International Rating Agency Moody’s retains SIBUR corporate family rating at the level Ba2 with the stable outlook.

Among the key positive valuation factors are company’s range of activity, business diversification, as well as debt portfolio equation. The Agency defines the putting into operation of the second stage of Yuzhno-Balyksky GPP, acquisition of Citco trader and polypropylene film manufacturer Biaksplen as additional rating drivers

«The stable outlook reflects Moody’s view that SIBUR operating profile has proven relatively resilience to the pressure strikes in the lower phase of the chemical cycle. It conveys our expectation that the company will be able to manage profitability in the volatile raw  materials market, continue to maintain conservative financial policies, and apply prudent project selection criteria», - is reported in Moody’s research.

For Editors

First Fitch Ratings and Moody’s conferred SIBUR Holding JSC investment ratings in 2007. Fitch rating was «BB», stable outlook. Moody’s rating was «Ba2», stable outlook. In October 2008 Moody’s confirmed SIBUR rating at the level «Ba2».