OREANDA-NEWS. RusRating has cancelled the credit rating of the 03 and 04 bond series issued by OAO TGK-1 (St. Petersburg) - “AA” on the national scale and “BBB” on the international scale, in both cases with a stable outlook - following the expiration of its rating contract.

RusRating is an independent rating agency accredited by the Ministry of Finance of the Russian Federation. The company, which was set up in 2001, is a member of the GlobalRating group. Its primary services are the provision of credit ratings to banks and industrial firms plus their bonds; it also provides analysis of various aspects of the Russian financial sector.