Credit rating old

The credit ratings for Municipality Finance's long-term funding are:

Moody's Dec 2011 Aaa

Standard & Poor´s Dec 2011 AAA (negative outlook)

Standard & Poor's Dec 2011 AAA 

The credit ratings for the company's short-term funding are the highest possible:

Moody's Dec 2011 P1

Standard & Poor's Dec 2011 A-1+

The debt instruments issued by Municipality Finance Plc are deemed to be of zero risk in the capital adequacy calculations of financial institutions and banks in Finland.