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Credit rating history for issuer Chuvashia

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Moody's Investors Service	Int. Scale (loc. curr.)	29.10.2010	Ba2	Stable
		15.12.2006	Ba2	Stable
		17.05.2006	Ba3	Stable
	Int. Scale (foreign curr)	01.09.2011	Ba2	Stable
		29.10.2010	Ba2	Stable
		07.02.2008	Ba2	Stable
Moody's Interfax Rating Agency	National Scale (Russia)	01.09.2011	Aa2.ru
		29.10.2010	Aa2.ru
		07.02.2008	Aa2.ru
		15.12.2006	Aa2.ru
		12.07.2005	Aa3.ru

Credit rating history for bond issue Chuvashia, 31005

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Moody's Investors Service	Int. Scale (foreign curr)	01.07.2011	Withdrawn
Moody's Investors Service	Int. Scale (foreign curr)	08.06.2006	Ba2
Moody's Interfax Rating Agency	National Scale (Russia)	25.05.2006	Aa2.ru