Analytical Credit Rating Agency (ACRA) has withdrawn its credit rating ААА(RU) of DeltaCredit Bank JSC, outlook Stable, and credit rating ААА(RU) of the bonds (ISIN RU000A0ZYBG6) issued by DeltaCredit Bank JSC due to the takeover of DeltaCredit Bank JSC by PJSC ROSBANK (ACRA rating: AAA(RU), outlook Stable), which was completed on June 1, 2019. The ratings have been withdrawn without their concurrent affirmation, as ACRA has no sufficient information on the financial status of DeltaCredit Bank JSC.
Regulatory disclosure
The credit ratings of DeltaCredit Bank JSC and bonds (ISIN RU000A0ZYBG6) issued by DeltaCredit Bank JSC have been assigned under the national scale for the Russian Federation based on the Methodology for Credit Ratings Assignment to Banks and Bank Groups under the National Scale for the Russian Federation, the Methodology for Analyzing Relationships Between Rated Entities and Supporting Organizations outside the Russian Federation, and the Key Concepts Used by Analytical Credit Rating Agency within the Scope of Its Rating Activities. The Methodology for Assigning Credit Ratings to Individual Issues of Financial Instruments Under the National Scale of the Russian Federation was also used in the process of credit rating assignment.
For the first time, the credit ratings of DeltaCredit Bank JSC and bonds (ISIN RU000A0ZYBG6) issued by DeltaCredit Bank JSC were published by ACRA on April 27, 2017 and September 27, 2017, respectively.
ACRA provided no additional services to DeltaCredit Bank JSC. No conflicts of interest were discovered in the course of credit rating assignment.
