Credit rating withdrawal rationale
ACRA has withdrawn the BB(RU) credit rating, outlook Stable, previously assigned to RKS Development Limited due to the expiration of the contract between ACRA and RKS Development Limited. The rating has been withdrawn without its concurrent affirmation, as ACRA does not possess sufficient information about the financial standing and operations of RKS Development Limited.
REGULATORY DISCLOSURE
The credit rating was previously assigned to RKS Development Limited under the national scale for the Russian Federation based on the Methodology for Credit Ratings Assignment to Non-Financial Corporations under the National Scale for 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 RKS Development Limited was published by ACRA for the first time on December 24, 2019.
ACRA provided no additional services to RKS Development Limited. No conflicts of interest were discovered in the course of credit rating assignment.
