Cherkizovo Group, OJSC -- Moody's: Cherkizovo's B2 ratings unaffected by acquisition of LISKO Broiler

London, 15 April 2014 -- Moody's Investors Service has today said that the B2 ratings (stable outlook) of Cherkizovo Group, JSC (Cherkizovo), one of the leading integrated and diversified meat producers in Russia, are unaffected by its acquisition of poultry producer, LISKO Broiler (not rated). The acquisition should not result in a substantial step up in the company's leverage. At the same time, it will enhance Cherkizovo's market positioning making it the largest poultry producer in the country and providing it with access to markets in the South of Russia.

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