MLD Mirland Dev.

TIDMMLD

RNS Number : 7886Y

Mirland Development Corporation PLC

03 December 2014

3 December 2014

MirLand Development Corporation plc

("MirLand" or the "Company")

Maalot S&P has placed MirLand's Series A, B, C and D Bonds on Credit Watch Negative

MirLand, one of Russia's leading residential and commercial property developers, announces that Standard & Poor's Maalot, a subsidiary of Standard & Poor's Rating Services, the credit rating agency, has placed MirLand's Series A, B, C and D Bonds ilBBB+ on a local Israeli scale on Credit Watch Negative due to the economic crisis in Russia.

For further information, please visit www.mirland-development.com, or contact:

 
 MirLand Development Corporation plc 
  Roman Rozental                        +7 495 787 49 62 
  roman@mirland-development.com          +7 499 130 31 09 
FTI Consulting 
 Dido Laurimore / Nick Taylor           +44 20 3727 1000 
Investec Bank plc 
 Jeremy Ellis / David Anderson          +44 20 7597 4000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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