OREANDA-NEWS. February 09, 2012. Moody's Investors Service has downgraded ENRC PLC's corporate family rating (CFR) to Ba3 from Ba2. Concurrently, Moody's has downgraded the provisional rating on ENRC's USD3 billion euro medium-term note (EMTN) programme to (P)Ba3/LGD4. In addition, Moody's has changed to negative from stable the outlook on the ratings, reported the press-centre of KASE.

Downgrades:

Issuer: Eurasian Natural Resources Corporation Plc

Probability of Default Rating, Downgraded to Ba3 from Ba2

Corporate Family Rating, Downgraded to Ba3 from Ba2

Senior Unsecured Medium-Term Note Program, Downgraded to (P)Ba3; LGD4 - 57 from (P)Ba2; LGD4 - 50

Outlook Actions:

Issuer: Eurasian Natural Resources Corporation Plc

Outlook, Changed To Negative From Stable