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Corporate credit rating, Standard & Poor’s (16.02.2010)

Standard & Poor’s revised its outlook on X5 to stable from negative, and affirmed its 'BB-' long-term and 'ruAA-' national scale ratings on the Company. In its report S&P commented that "the outlook revision primarily reflects the improvement in X5's liquidity position, but also its resilient operating performance and more conservative financial policy".

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