Credit rating rationale. The Agency believes that bond issued by the Moscow Region has a status of senior unsecured debt. Credit rating of this debt instrument corresponds to the credit rating of the Moscow Region.
Key issue properties
Issuer | Moscow Region |
Issuer’s credit rating | АА(RU) (Stable) |
Actual issuer | Moscow Region Ministry of Finance |
Type of security | Government bonds |
Issue volume | RUB 25 bln |
ISIN RegS | RU000A0JX0B9 / RU35010MOO0 |
Issue date | 29/11/2016 |
Amortization schedule | 10% of nominal value 24/11/2020 25% of nominal value 23/11/2021 30% of nominal value 22/11/2022 35% of nominal value 21/11/2023 |
Regulatory disclosure
The credit rating has been assigned under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Individual Issues of Financial Instruments Under the National Scale of the Russian Federation, and the Key Concepts Used by the Analytical Credit Rating Agency Within the Scope of Its Rating Activities.
The affirmed credit rating assigned to the bond issued by the Moscow Region is expected to be revised within 182 days following the rating action date (June 8, 2017).
The assigned credit rating is based on the data provided by the Moscow Region. The credit rating is solicited, and the Moscow Region participated in its assignment.
No material discrepancies between the provided data and the data officially disclosed by the Moscow Region in its financial report have been discovered.
ACRA provided no additional services to the Moscow Region. No conflicts of interest were discovered in the course of credit rating assignment.