(The following statement was released by the rating agency)

Dec 12 -

===============================================================================

Ratings -- Riga (City of) ----------------------------------------- 12-Dec-2012

===============================================================================

CREDIT RATING: BBB/Positive/A-2 Country: Latvia

Primary SIC: Legislative

bodies

===============================================================================

Credit Rating History:

Local currency Foreign currency

12-Dec-2012 BBB/A-2 BBB/A-2

23-Dec-2011 BB+/B BB+/B

11-Aug-2009 BB/B BB/B

24-Feb-2009 BB+/B BB+/B

11-Nov-2008 BBB-/A-3 BBB-/A-3

===============================================================================

(Bangalore Ratings Team, Hotline: +91 80 4135 5898 swati.ray@thomsonreuters.com,Group id:BangaloreRatings@thomsonreuters.com,Reuters Messaging: swati.ray.thomsonreuters.com@reuters.net)

COPYRIGHT

Copyright Thomson Reuters 2012. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.