19 November 2019

Expert RA upgrates X5’s rating to ruAA+; outlook stable

​​Moscow, 19 November 2019 – X5 Retail Group ("X5" or the "Company"), a leading Russian food retailer (LSE and MOEX ticker: "FIVE"), announces that Expert RA has upgraded the Company’s long-term credit rating from ruAA to ruAA+ with a stable outlook.

Expert RA in its press release has outlined the key factors contributing to the upgrade, which include the Company’s operating performance and balanced financial policy. In its analysis, Expert RA has also noted the high quality of corporate management and risk management at X5.