CREDIT RATING WITHDRAWAL RATIONALE
The credit rating of the series 002P-01 (RU000A102DZ1) bond issue of “Garant-Invest Commercial Real Estate” JSC has been withdrawn due to the complete redemption of this issue on November 23, 2022. Before the withdrawal, in accordance with ACRA’s methodology, this issue, which has a BB+(RU) credit rating (one notch lower than the credit rating of “Garant-Invest Commercial Real Estate” JSC) was assigned the status “Rating under review: negative”. The rating has been withdrawn without its concurrent affirmation.
The credit rating was previously assigned to the RU000A102DZ1 bond issue of “Garant-Invest Commercial Real Estate” JSC under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Individual Issues of Financial Instruments on 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 the RU000A102DZ1 bond issue of “Garant-Invest Commercial Real Estate” JSC was published by ACRA for the first time on November 26, 2020.
ACRA provided additional services to “Garant-Invest Commercial Real Estate” JSC. No conflicts of interest were discovered in the course of credit rating assignment.