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


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


RU000A0JX0B9 / RU35010MOO0

Issue date


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.

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Elena Anisimova
Senior Director — Head of Sovereign and Regional Ratings Group
+7 (495) 139 04 86
Ilya Tsypkin
Associate Director, Head of Municipal Ratings, Sovereign and Regional Ratings Group
+7 (495) 139 03 45
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