OREANDA-NEWS. April 18, 2011. Novorossiysk Commercial Sea Port Group (LSE: NCSP, RTS & MICEX: NMTP) hereby announces that international rating agency Standard & Poor’s Rating Services has revised NCSP’s corporate rating and its Eurobond issue rating.

On April 15, 2011, Standard & Poor's Ratings Services lowered its long-term corporate credit rating on Russian-based commercial sea port operator, Novorossiysk Commercial Sea Port to 'BB-' from 'BB+' and removed itfrom CreditWatch, where it was placed with negative implications on Sept. 172010. The outlook is negative.

The Russia national scale rating on NCSP wasalso lowered to 'ruAA-' from 'ruAA+' and removed from CreditWatch negative.

At the same time, issue rating on the USD 300 million loanparticipation notes (LPNs) issued by Novorossiysk Port Capital S.A. andguaranteed by NCSP, was lowered to 'BB-' from 'BB+'.