diff --git a/src/compiler/checker.ts b/src/compiler/checker.ts
index 02d81f5ceb..2659263215 100644
--- a/src/compiler/checker.ts
+++ b/src/compiler/checker.ts
@@ -1109,7 +1109,7 @@ module ts {
 
                 // Check if symbol is any of the alias
                 return forEachValue(symbols, symbolFromSymbolTable => {
-                    if (symbolFromSymbolTable.flags & SymbolFlags.Alias) {
+                    if (symbolFromSymbolTable.flags & SymbolFlags.Alias && symbolFromSymbolTable.name !== "export=") {
                         if (!useOnlyExternalAliasing || // We can use any type of alias to get the name
                             // Is this external alias, then use it to name
                             ts.forEach(symbolFromSymbolTable.declarations, isExternalModuleImportEqualsDeclaration)) {
@@ -1950,6 +1950,10 @@ module ts {
                     case SyntaxKind.SourceFile:
                         return true;
 
+                    // Export assignements do not create name bindings outside the module
+                    case SyntaxKind.ExportAssignment:
+                        return false;
+
                     default:
                         Debug.fail("isDeclarationVisible unknown: SyntaxKind: " + node.kind);
                 }
diff --git a/tests/baselines/reference/declFileImportModuleWithExportAssignment.types b/tests/baselines/reference/declFileImportModuleWithExportAssignment.types
index a2ae5c0768..15201baa48 100644
--- a/tests/baselines/reference/declFileImportModuleWithExportAssignment.types
+++ b/tests/baselines/reference/declFileImportModuleWithExportAssignment.types
@@ -42,23 +42,23 @@ module m2 {
 
 }
 var m2: {
->m2 : { (): export=.connectExport; test1: export=.connectModule; test2(): export=.connectModule; }
+>m2 : { (): m2.connectExport; test1: m2.connectModule; test2(): m2.connectModule; }
 
     (): m2.connectExport;
 >m2 : unknown
->connectExport : export=.connectExport
+>connectExport : m2.connectExport
 
     test1: m2.connectModule;
->test1 : export=.connectModule
+>test1 : m2.connectModule
 >m2 : unknown
->connectModule : export=.connectModule
+>connectModule : m2.connectModule
 
     test2(): m2.connectModule;
->test2 : () => export=.connectModule
+>test2 : () => m2.connectModule
 >m2 : unknown
->connectModule : export=.connectModule
+>connectModule : m2.connectModule
 
 };
 export = m2;
->m2 : { (): export=.connectExport; test1: export=.connectModule; test2(): export=.connectModule; }
+>m2 : { (): m2.connectExport; test1: m2.connectModule; test2(): m2.connectModule; }
 
diff --git a/tests/baselines/reference/declareExternalModuleWithExportAssignedFundule.types b/tests/baselines/reference/declareExternalModuleWithExportAssignedFundule.types
index e861059af7..70718471d5 100644
--- a/tests/baselines/reference/declareExternalModuleWithExportAssignedFundule.types
+++ b/tests/baselines/reference/declareExternalModuleWithExportAssignedFundule.types
@@ -7,7 +7,7 @@ declare module "express" {
     function express(): express.ExpressServer;
 >express : typeof express
 >express : unknown
->ExpressServer : export=.ExpressServer
+>ExpressServer : express.ExpressServer
 
     module express {
 >express : typeof express
diff --git a/tests/baselines/reference/declareFileExportAssignment.types b/tests/baselines/reference/declareFileExportAssignment.types
index 80cfbf8238..f30586b07e 100644
--- a/tests/baselines/reference/declareFileExportAssignment.types
+++ b/tests/baselines/reference/declareFileExportAssignment.types
@@ -27,24 +27,24 @@ module m2 {
 }
 
 var m2: {
->m2 : { (): export=.connectExport; test1: export=.connectModule; test2(): export=.connectModule; }
+>m2 : { (): m2.connectExport; test1: m2.connectModule; test2(): m2.connectModule; }
 
     (): m2.connectExport;
 >m2 : unknown
->connectExport : export=.connectExport
+>connectExport : m2.connectExport
 
     test1: m2.connectModule;
->test1 : export=.connectModule
+>test1 : m2.connectModule
 >m2 : unknown
->connectModule : export=.connectModule
+>connectModule : m2.connectModule
 
     test2(): m2.connectModule;
->test2 : () => export=.connectModule
+>test2 : () => m2.connectModule
 >m2 : unknown
->connectModule : export=.connectModule
+>connectModule : m2.connectModule
 
 };
 
 export = m2;
->m2 : { (): export=.connectExport; test1: export=.connectModule; test2(): export=.connectModule; }
+>m2 : { (): m2.connectExport; test1: m2.connectModule; test2(): m2.connectModule; }
 
diff --git a/tests/baselines/reference/declareFileExportAssignmentWithVarFromVariableStatement.types b/tests/baselines/reference/declareFileExportAssignmentWithVarFromVariableStatement.types
index 376a9d7ba6..675dc38c86 100644
--- a/tests/baselines/reference/declareFileExportAssignmentWithVarFromVariableStatement.types
+++ b/tests/baselines/reference/declareFileExportAssignmentWithVarFromVariableStatement.types
@@ -28,24 +28,24 @@ module m2 {
 
 var x = 10, m2: {
 >x : number
->m2 : { (): export=.connectExport; test1: export=.connectModule; test2(): export=.connectModule; }
+>m2 : { (): m2.connectExport; test1: m2.connectModule; test2(): m2.connectModule; }
 
     (): m2.connectExport;
 >m2 : unknown
->connectExport : export=.connectExport
+>connectExport : m2.connectExport
 
     test1: m2.connectModule;
->test1 : export=.connectModule
+>test1 : m2.connectModule
 >m2 : unknown
->connectModule : export=.connectModule
+>connectModule : m2.connectModule
 
     test2(): m2.connectModule;
->test2 : () => export=.connectModule
+>test2 : () => m2.connectModule
 >m2 : unknown
->connectModule : export=.connectModule
+>connectModule : m2.connectModule
 
 };
 
 export = m2;
->m2 : { (): export=.connectExport; test1: export=.connectModule; test2(): export=.connectModule; }
+>m2 : { (): m2.connectExport; test1: m2.connectModule; test2(): m2.connectModule; }
 
diff --git a/tests/baselines/reference/es5ExportEqualsDts.js b/tests/baselines/reference/es5ExportEqualsDts.js
new file mode 100644
index 0000000000..922d012be0
--- /dev/null
+++ b/tests/baselines/reference/es5ExportEqualsDts.js
@@ -0,0 +1,37 @@
+//// [es5ExportEqualsDts.ts]
+
+class A {
+    foo() {
+        var aVal: A.B;
+        return aVal;
+    }
+}
+
+module A {
+    export interface B { }
+}
+
+export = A
+
+//// [es5ExportEqualsDts.js]
+var A = (function () {
+    function A() {
+    }
+    A.prototype.foo = function () {
+        var aVal;
+        return aVal;
+    };
+    return A;
+})();
+module.exports = A;
+
+
+//// [es5ExportEqualsDts.d.ts]
+declare class A {
+    foo(): A.B;
+}
+declare module A {
+    interface B {
+    }
+}
+export = A;
diff --git a/tests/baselines/reference/es5ExportEqualsDts.types b/tests/baselines/reference/es5ExportEqualsDts.types
new file mode 100644
index 0000000000..58b35a0d7c
--- /dev/null
+++ b/tests/baselines/reference/es5ExportEqualsDts.types
@@ -0,0 +1,28 @@
+=== tests/cases/compiler/es5ExportEqualsDts.ts ===
+
+class A {
+>A : A
+
+    foo() {
+>foo : () => A.B
+
+        var aVal: A.B;
+>aVal : A.B
+>A : unknown
+>B : A.B
+
+        return aVal;
+>aVal : A.B
+    }
+}
+
+module A {
+>A : typeof A
+
+    export interface B { }
+>B : B
+}
+
+export = A
+>A : A
+
diff --git a/tests/baselines/reference/exportAssignClassAndModule.types b/tests/baselines/reference/exportAssignClassAndModule.types
index 05a5cbf07a..dc4a19f345 100644
--- a/tests/baselines/reference/exportAssignClassAndModule.types
+++ b/tests/baselines/reference/exportAssignClassAndModule.types
@@ -22,9 +22,9 @@ class Foo {
 >Foo : Foo
 
     x: Foo.Bar;
->x : export=.Bar
+>x : Foo.Bar
 >Foo : unknown
->Bar : export=.Bar
+>Bar : Foo.Bar
 }
 module Foo {
 >Foo : typeof Foo
diff --git a/tests/baselines/reference/exportEqualNamespaces.types b/tests/baselines/reference/exportEqualNamespaces.types
index b94770837a..0f3091c1b8 100644
--- a/tests/baselines/reference/exportEqualNamespaces.types
+++ b/tests/baselines/reference/exportEqualNamespaces.types
@@ -12,7 +12,7 @@ interface server {
 
     (): server.Server;
 >server : unknown
->Server : export=.Server
+>Server : server.Server
 
     startTime: Date;
 >startTime : Date
diff --git a/tests/baselines/reference/privacyCheckExportAssignmentOnExportedGenericInterface1.types b/tests/baselines/reference/privacyCheckExportAssignmentOnExportedGenericInterface1.types
index f0c8c25be2..936f04731f 100644
--- a/tests/baselines/reference/privacyCheckExportAssignmentOnExportedGenericInterface1.types
+++ b/tests/baselines/reference/privacyCheckExportAssignmentOnExportedGenericInterface1.types
@@ -12,9 +12,9 @@ interface Foo<T> {
 >T : T
 }
 var Foo: new () => Foo.A<Foo<string>>;
->Foo : new () => export=.A<Foo<string>>
+>Foo : new () => Foo.A<Foo<string>>
 >Foo : unknown
->A : export=.A<T>
+>A : Foo.A<T>
 >Foo : Foo<T>
 
 export = Foo;
diff --git a/tests/cases/compiler/es5ExportEqualsDts.ts b/tests/cases/compiler/es5ExportEqualsDts.ts
new file mode 100644
index 0000000000..1253c9ac22
--- /dev/null
+++ b/tests/cases/compiler/es5ExportEqualsDts.ts
@@ -0,0 +1,16 @@
+// @target: es5
+// @module: commonjs
+// @declaration: true
+
+class A {
+    foo() {
+        var aVal: A.B;
+        return aVal;
+    }
+}
+
+module A {
+    export interface B { }
+}
+
+export = A
\ No newline at end of file