Moscow, February 25, 2015 -- Moody's Interfax Rating Agency, which is majority-owned by Moody's Investors Service (MIS), has today downgraded to Aa1.ru from Aaa.ru the national scale issuer ratings of six Russian non-financial corporates: OJSC Uralkali, OJSC PhosAgro, Russian Railways Joint Stock Company, Federal Passenger Company OJSC, OJSC MMC Norilsk Nickel, and OAO Novatek. At the same time, Moody's has converted the national scale issuer ratings into national scale corporate family ratings, in line with the rating agency's practice for corporates with non-investment-grade global scale ratings (GSRs). The Aaa.ru national scale corporate family rating of NLMK was also downgraded to Aa1.ru.

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