Kuntarahoitus Oyj - Company Announcement

Municipality Finance Plc has the best possible credit rating from Moody’s

Municipality Finance Plc

Stock Exchange Release  January 10, 2012 at 10.30 am.

Credit rating agency Moody's has on January 9, 2012, once again, confirmed the
best possible credit rating, Aaa, for Municipality Finance Plc. 

According to Moody's the best possible rating reflects Municpality Finance's
strong and important position in the Finnish public sector financing, solid
financial fundamentals, asset quality and conservative risk-management
policies. 

Municipality Finance gets over 99 per cent of its financing from the
international money market. The best credit rating has helped Municipality
Finance to obtain financing at all times and at more beneficial terms than most
banks and European sovereigns. 

“The relevance of the top-class credit rating is being emphasized in the
current uncertain market environment and the confirmed credit rating gives a
strong signal that in challenging times the operations of Municipality Finance
Plc and the Finnish public sector are trustworthy”, says Pekka Averio, CEO of
Municipality Finance 

The full report of Moody's is available under www.munifin.fi.

For more information:
President and CEO Pekka Averio, Municipality Finance Plc, tel. +358 9 6803
6211, +358 500 406856 

Deputy to the CEO Esa Kallio, tel. +358 9 6803 6231, +358 50 3377953

Attachments:

MuniFin_rating_Moodys _100112.pdf