S&P Revises HMS Group Corporate Rating

Moscow, Russia, HMS Group (LSE: HMSG), the leading pump and compressor manufacturer, supplier of turnkey process engineering packages and provider of flow control solutions and related services in Russia and the CIS, announces that Standard & Poor’s Rating Services lowered the long-term corporate rating of the company from “B” to “B-“ and placed it on CreditWatch with negative implications. Also, S&P downgraded Rub 5.1bn notes issued by HMS’ subsidiary CJSC Hydromashservice to “CCC+” and placed them on CreditWatch negative.

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