12.12.2014 16:41:00

Edel Capital S.A. -- Moody's reviews SINEK's Baa3 ratings for downgrade

London, 12 December 2014 -- Moody's Investors Service has today placed on review for downgrade the Baa3 issuer rating of OAO Svyazinvestneftekhim (SINEK) and the Baa3 senior secured rating of the $250 million worth of loan participation notes (LPNs) issued by Edel Capital S.A. for the sole purpose of financing its loan to SINEK Capital S.A., a subsidiary of SINEK. The loan is guaranteed by the Republic of Tatarstan (Baa3 negative).

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