Credit rating withdrawal rationale
The credit rating of the bond (RU000A102KF8) issued by SKCN Finance (LLC) has been withdrawn due to the full redemption of this issue on September 13, 2022. Before the withdrawal, in accordance with ACRA's methodology, the issue was affirmed at A-(RU). The rating has been withdrawn without its concurrent affirmation.
Regulatory disclosure
The credit rating was previously assigned to the RU000A102KF8 bond issued by SKCN Finance (LLC) 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 for the Russian Federation, 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, and the Key Concepts Used by the Analytical Credit Rating Agency within the Scope of Its Rating Activities.
The credit rating of the RU000A102KF8 bond issued by SKCN Finance (LLC) was published by ACRA for the first time on January 15, 2021.
The credit rating was assigned based on the data provided by JSC Samruk-Kazyna Construction, information from publicly available sources, as well as ACRA’s own databases. The credit rating was solicited, and JSC Samruk-Kazyna Construction 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 no additional services to JSC Samruk-Kazyna Construction. No conflicts of interest were identified in the course of credit rating assignment.
