Standard & Poor's affirms GAMMA rating of TGC-1 at GAMMA-5

11.02.2011

Standard & Poor's Governance Services affirmed its Governance, Accountability, Management Metrics and Analysis (GAMMA) score of JSC TGC-1 at the level of GAMMA-5.

The overall GAMMA score is the result of four component scores ranging from a low of 1 to a
high of 10. After the revision Standard & Poor's assigned the following scores:

  • Shareholder influence - 4+ (unchanged);
  • Shareholder rights - 5+ (unchanged);
  • Transparency, audit and ERM - 5 (unchanged);
  • Board effectiveness, strategic process and incentives - 5 (unchanged).

Full text of the rating report can be found in "Corporate Governance Score" subsection of the corporate site.