Credit rating withdrawal rationale
The withdrawal of the credit rating of the series 001Р-02 (RU000A0ZZRR6) exchange-traded bond issued by Eurasian Development Bank is due to the full redemption of this bond issue on May 7, 2021 as planned. Before the withdrawal, an AAA(RU) credit rating was assigned to the bond issue, i.e. on par with the credit rating of Eurasian Development Bank. The rating has been withdrawn without its concurrent affirmation.
Regulatory disclosure
The credit rating was previously assigned to the RU000A0ZZRR6 bond issued by Eurasian Development Bank under the national scale for the Russian Federation based on the Methodology for Mapping Credit Ratings Assigned on ACRA’s International Scale to Credit Ratings Assigned on ACRA’s National Scale for the Russian Federation, the Methodology for Assigning Credit Ratings to Individual Issues of Financial Instruments on 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 credit rating of the RU000A0ZZRR6 bond was published by ACRA for the first time on November 8, 2018.
The credit rating was assigned based on data provided by Eurasian Development Bank, information from publicly available sources, and ACRA’s own databases. The credit rating is solicited, and Eurasian Development Bank participated in its assignment.
In assigning the credit rating, ACRA used only information, the quality and reliability of which was, in ACRA’s opinion, appropriate and sufficient to apply the methodologies.
ACRA provided additional services to Eurasian Development Bank. No conflicts of interest were discovered in the course of the rating process.
