Starting from January 13, 2017, in accordance with article 17 item 2 of the Federal Law no. 222-FZ “On the activity of credit rating agencies in the Russian Federation, on modifying Federal Law 761 ‘On the Central Bank of the Russian Federation (the Bank of Russia)’ and on invalidating certain provisions of legal acts of the Russian Federation,” AK&M Rating Agency shall terminate all activities related to the preparation, assignment, affirmation, revision, withdrawal of credit ratings and outlooks on credit ratings which entail the distribution of information on the assigned credit ratings and related outlooks by any method ensuring access to it of an unlimited range of persons. The suspension on the assignment of public credit ratings could be lifted when the agency is included by the Bank of Russia in the register of credit rating agencies. The agency will continue to monitor the ratings effective as of January 12, 2017 in a non-public manner.

Simultaneously, AK&M Rating Agency remains committed to rating activities not related to the assignment of credit ratings.