Press Releases / 31.03.2017

Press Release as of 31.03.2017

Guarantee Fund of Vladimir region

AK&M Rating Agency has withdrawn the guarantee institution rating of the Guarantee Fund of Vladimir region ('A', sub-level 3, with a stable outlook), due to the rating contract expiration and the Fund's refusal to have the rating updated.

AK&M Rating Agency earlier assigned a reliability rating to the Fund of development of small and average business of Vladimir region (FDSA) and state autonomous institution 'SME Development and Guarantee Fund', the predecessors of the Guarantee Fund of Vladimir region. The rating was assigned for the first time on January 21, 2013. The last rating action was taken on February 11, 2015. All rating action announcements are available on the website.

The rating, along with any information and conclusions provided in this press release, only conveys our reliability opinion and shall not be construed as a recommendation to purchase or sell securities, or to lend funds.

AK&M Rating Agency shall not be held liable for any interpretations, inferences and consequences related to the application of results of the rating estimation procedure by any third parties.

AK&M Rating Agency is a leading independent national rating agency engaged in rating activities since 1993.

AK&M Rating Agency

Ul. Gubkina 3, Moscow, Russia

Phone no.: (495) 916-70-30, fax no.: (499) 132-69-18.