TGC-1's Ratings

Credit rating S&P Global Ratings

Object of rating assignment: Issuer 

Scale

Rating

Оutlook

Date of assignment (confirmation)

Long-term corporate credit rating

BBB-

Stable

09/20/2018

Short-term corporate credit rating

A-3

Stable

09/20/2018

09/26/2016 S & P Global Ratings assigned long-term and short-term ratings "BB+/B", outlook "stable"
09/21/2017 S & P Global Ratings revised outlook from "stable" to "positive", ratings confirmed "BB+/B"
02/27/2018 S & P Global Ratings Confirmed Ratings to the Issuer
09/20/2018 S & P Global Ratings upgraded long-term and short-term ratings of "BBB-/A-3"

Information about the rating agency:

Full name of the rating agency: Standard & Poor’s Global Ratings.

Short name of the rating agency: S&P Global Ratings.

Address of Moscow office: 4/7 Vozdvizhenka St., Bldg. 2, 5th Floor, Moscow, Russia, 125009

Credit Ratings Assignment Methodology is available on the S&P Global Ratings website: https://www.standardandpoors.com/en_US/web/guest/ratings/ratings-criteria

Credit rating Fitch Ratings

Object of rating assignment: Issuer 

Scale

Rating

Оutlook

Date of assignment (confirmation)

Long-term foreign currency IDR

BBB-

Stable

03/28/2019

Long-term local currency IDR

BBB-

Stable

03/28/2019

Short-term foreign currency IDR

F3

-

03/28/2019

Short-term local currency IDR

F3

-

03/28/2019

Local currency senior unsecured rating

BBB-

-

03/28/2019

10/05/2016 Fitch Ratings assigned ratings to the issuer: Long-term IDRs - "BB +", outlook "stable"; Short-term IDRs - "B"
09/29/2017 Fitch Ratings Confirmed Ratings to the Issuer
09/11/2018 Fitch Ratings Upgrades Long-term Ratings to "BBB-"
03/28/2019 Fitch Ratings Confirmed Ratings to the Issuer

Information about the rating agency:

Full name of the rating agency:  Fitch Ratings CIS Ltd.

Short name of the rating agency: Fitch Ratings.

Address: 30 North Colonnade, Canary Wharf, London E14 5GN, United Kingdom

Credit Ratings Assignment Methodology is available on the Fitch Ratings website: https://www.fitchratings.com/site/criteria

Credit rating ACRA

Object of rating assignment: Issuer 

Scale

Rating

Оutlook

Date of assignment (confirmation)

National scale credit rating

AA(RU)

Stable

01/15/2019

01/18/2018 ACRA assigned AA(RU) rating, outlook stable
01/15/2019 ACRA affirms the ratings to the issuer

Information about the rating agency:

Full name of the rating agency: Analytical Credit Rating Agency (Joint-Stock Company).

Short name of the rating agency: ACRA (JSC).

Address: 75, Sadovnicheskaya embankment, Moscow, Russia, 115035

Credit Ratings Assignment Methodology is available on the ACRA website: https://www.acra-ratings.com/criteria

The history of credit rating changes

09/26/2016

TGC-1 was rated ‘BB+’ by S&P Global Ratings

10/05/2016

Fitch Ratings affirms TGC-1 at 'BB+', Outlook Stable

06/02/2017

S&P Global Ratings withdraws TGC-1’s 'ruAA+' Russia national scale rating

09/21/2017S&P Global Ratings revised TGC-1 outlook from ‘Stable’ to ‘Positive’
10/02/2017Fitch Ratings affirmed long-term ratings of TGC-1 at 'ВВ+' level
01/22/2018ACRA assigns АА (RU) to TGC-1, outlook Stable
02/27/2018S&P Global Ratings affirmed long-term ratings of TGC-1 at 'ВВ+' level
09/11/2018Fitch Ratings upgrades TGC-1 long-term ratings to “BBB-”
09/20/2018S&P Global Ratings raised TGC-1 long- and short-term issuer credit ratings to “BBB-/A-3”
01/15/2019ACRA affirmed AA (RU) to TGC-1, outlook Stable
09/12/2019Fitch Ratings upgraded TGC-1's long-term ratings to BBB
09/20/2019S&P Global Ratings approved the rating of TGC-1 as BBB-/Stable