Moody's Lowers Stirol Eurobond Rating

13 March 2008

The Moody’s rating agency announced yesterday that it had downgraded Stirol’s (STIR: HOLD) from B3 to Caa1. In August Fitch downgraded Stirol’s rating from “B” to “B-“. Vladimir Nesterenko: Moody’s downgrade comes as no surprise; Stirol’s rating has been on the agency’s Watch List Negative since August.