The Analytical Credit Rating Agency (ACRA) has withdrawn its АА-(RU) credit rating of Sviaz-Bank, outlook Positive, due to the takeover of Sviaz-Bank by Promsvyazbank PJSC (ACRA rating: AA(RU), outlook Stable), which was completed on May 1, 2020. The rating has been withdrawn without its concurrent affirmation, as ACRA does not possess sufficient information on the financial status of Sviaz-Bank.

Regulatory disclosure

The credit rating was assigned to Sviaz-Bank 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 Member Company Relationships Within Corporate Groups, and the Key Concepts Used by the Analytical Credit Rating Agency within the Scope of Its Rating Activities.

The credit rating of Sviaz-Bank was first published by ACRA on August 29, 2017.

ACRA provided no additional services to Sviaz-Bank. No conflicts of interest were discovered in the course of credit rating assignment.

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Analysts

Mikhail Polukhin
Director, Financial Institutions Ratings Group
+7 (495) 139 03 47
Victor Antonov
Associate Director, Financial Institutions Ratings Group
+7 (495) 139 04 80, ext. 221
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