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RATING AGENCY STANDARD & POOR'S RAISED THE RATING OF HARD CURRENCY BONDS OF THE FINANCE MINISTRY OF RF TO B- AND CONFIRMED THE SOVEREIGN RATING OF RUSSIA

A&G Information Services, March, 2001

A&G Information Services 03-20-2001 RATING AGENCY STANDARD & POOR'S RAISED THE RATING OF HARD CURRENCY BONDS OF THE FINANCE MINISTRY OF RF TO B- AND CONFIRMED THE SOVEREIGN RATING OF RUSSIA AT B-. ST.PETERSBURG, RUSSIA. The agency comments that the revision of the rating was connected with the fact that, in S&P's opinion, Russia will pay its debt to the Paris Club in 2001 and 2002 in full, and will agree with The International Monetary Fund on an economic program. Copyright 2001 A&G Information Services (via Comtex).

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