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Credit rating history for issuer Nizhnekamskneftekhim

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Moody's Investors Service	Int. Scale (foreign curr)	26.02.2008	B1	Stable
Fitch Ratings	Int. Scale (foreign curr.)	12.08.2011	B+	Stable
		16.08.2010	B	Stable
		06.08.2009	B	Negative
		18.03.2009	B	Negative
		03.04.2008	B+	Positive
		01.11.2006	B+	Stable
		02.12.2005	B+	Stable
	National Scale (Russia)	12.08.2011	A-(rus)	Stable
		16.08.2010	BBB-(rus)	Stable
		06.08.2009	BBB-(rus)	Negative
		18.03.2009	BBB-(rus)	Negative
		03.04.2008	A(rus)	Positive
		01.11.2006	A(rus)	Stable
		02.12.2005	A(rus)	Stable

Credit rating history for bond issue Nizhnekamskneftekhim, 2012 (LPN)

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Moody's Investors Service	Int. Scale (foreign curr)	20.04.2012	Withdrawn
		30.06.2011	Ba3
		30.11.2009	B1
Fitch Ratings	Int. Scale (foreign curr.)	12.08.2011	B+
Fitch Ratings	Int. Scale (foreign curr.)	05.11.2009	B

Credit rating history for bond issue Nizhnekamskneftekhim, 2015 (LPN)

Rating Agency	Rating scale	Date	Rating	Forecast	Additional information
Moody's Investors Service	Int. Scale (foreign curr)	30.06.2011	Ba3
		29.03.2007	B1
		28.02.2006	B2
Fitch Ratings	Int. Scale (foreign curr.)	12.08.2011	B+
Fitch Ratings	Int. Scale (foreign curr.)	06.08.2009	B