Moody's affirms IGSS 'B2'. Outlook 'Stable'

IG Seismic Services PLC

MOODY`S AFFIRMS IG SEISMIC SERVICES RATING 'B2'; OUTLOOK 'STABLE'

Moscow, 22 August 2014

Moody's Investor Service, one of the most influential rating agencies in the world, affirmed long-term corporate credit rating 'В2' (outlook 'Stable') to IG Seismic Services PLC (LSE: IGSS), the leading pure-play land and transition zone seismic company in Russia and the CIS and one of the largest land seismic companies globally.

A credit rating 'В2' with 'Stable' outlook was awarded to IGSS in October 2013. On 22 August, 2014 Moody's affirmed the 'В2' rating and 'Stable' outlook.

According to Moody's, the outlook remains stable, reflecting expectation that IGSS's operating performance is likely to remain relatively resilient in the next 12-18 months and that any impact on operating performance from geopolitical tensions will be moderate; and the company will adhere to conservative financial and liquidity management policies and continue deleveraging.

Analysts do not exclude the possibility of upgrading the company's credit rating in the future.

Ratings information can be found on Moody's Web site at www.moodys.com 

Contacts

For further information please visit www.igseis.com or contact:

IGSS Investor Relations

Olga Popova 

+ 7 495 580 7882 ext. 129

[email protected]

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