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Credit rating history for issuer Department of Finance Samara region

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Moody's Investors Service	Int. Scale (foreign curr)	15.12.2006	Ba1	Stable
Moody's Investors Service	Int. Scale (foreign curr)	15.11.2003	Ba2	Stable
Standard & Poor's	Int. Scale (foreign curr.)	03.06.2011	BB+	Stable
		22.06.2009	BB+	Negative
		23.06.2008	BB+	Stable
		15.06.2007	BB	Positive
		26.05.2006	BB-	Positive
		12.03.2004	BB-	Stable
	National Scale (Russia)	03.06.2011	ruAA+
		22.06.2009	ruAA+
		23.06.2008	ruAA+
		15.06.2007	ruAA	Positive
		26.05.2006	ruAA-
		12.03.2004	ruAA-
	Int. Scale (loc. curr.)	03.06.2011	BB+	Stable
		22.06.2009	BB+	Negative
		23.06.2008	BB+	Stable
Moody's Interfax Rating Agency	National Scale (Russia)	15.12.2006	Aa1.ru
Moody's Interfax Rating Agency	National Scale (Russia)	12.07.2005	Aa2.ru

Credit rating history for bond issue Department of Finance Samara region, 25002

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Standard & Poor's	National Scale (Russia)	08.09.2005	ruAA-

Credit rating history for bond issue Department of Finance Samara region, 25003

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Standard & Poor's	National Scale (Russia)	14.08.2006	ruAA-
Moody's Interfax Rating Agency	National Scale (Russia)	18.08.2006	Aa1.ru

Credit rating history for bond issue Department of Finance Samara region, 25004

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Standard & Poor's	Int. Scale (loc. curr.)	23.06.2008	BB+
	Int. Scale (loc. curr.)	25.06.2007	BB
	National Scale (Russia)	23.06.2008	ruAA+
	National Scale (Russia)	25.06.2007	ruAA
Moody's Interfax Rating Agency	National Scale (Russia)	27.06.2007	Aa1.ru

Credit rating history for bond issue Department of Finance Samara region, 34006

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Standard & Poor's	Int. Scale (loc. curr.)	12.08.2009	BB+
Standard & Poor's	National Scale (Russia)	12.08.2009	ruAA+
Moody's Interfax Rating Agency	National Scale (Russia)	12.08.2009	Aa1.ru

Credit rating history for bond issue Department of Finance Samara region, 35005

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Standard & Poor's	Int. Scale (loc. curr.)	24.06.2008	BB+
Standard & Poor's	National Scale (Russia)	24.06.2008	ruAA+
Moody's Interfax Rating Agency	National Scale (Russia)	24.06.2008	Aa1.ru

Credit rating history for bond issue Department of Finance Samara region, 35007

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Standard & Poor's	Int. Scale (loc. curr.)	03.06.2011	BB+	Stable
Standard & Poor's	National Scale (Russia)	03.06.2011	ruAA+
Moody's Interfax Rating Agency	National Scale (Russia)	07.06.2011	Aa1.ru