Podgorica, Montenegro, 09th of November, 2014
Regarding multiple questions raised by traders related to bank guarantee, SEE CAO announces following:
The bank issuing the guarantee in favor of SEE CAO (i.e. the guarantee bank) or the financial group, the guarantee bank belongs to, must conform to at least one of the following requirements regarding its long-term credit rating:
Moody’s - minimum “Baa3”,
Fitch/IBCA – minimum “BBB-”,
Standard & Poor’s – minimum “BBB-”.