ACRA ASSIGNS eAA(RU) TO THE RU35023ANO0 BOND ISSUE OF THE NOVOSIBIRSK REGION

Expected credit rating rationale. In ACRA’s opinion, the bond issue of the Novosibirsk Region listed below is a senior unsecured debt instrument, the expected credit rating of which corresponds to the credit rating of the Novosibirsk Region and is set at eAA(RU).

key issue properties

Sources: ACRA, issuer’s data

REGULATORY DISCLOSURE

ACRA will assign a credit rating to the bond issue (RU35023ANO0) of the Novosibirsk Region after the final documentation is provided. In case of any significant discrepancies between the final documentation and the preliminary materials, ACRA may change the issue’s credit rating against the expected credit rating.

The expected credit rating has been assigned to the bond issue (RU35023ANO0) of the Novosibirsk Region under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Financial Instruments 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.

An expected credit rating has been assigned to the government securities (RU35023ANO0) of the Novosibirsk Region for the first time. The next rating action is expected within 182 days following the publication date of this press release.

The expected credit rating was assigned based on data provided by the Novosibirsk Region. The expected credit rating is solicited and the Government of the Novosibirsk Region participated in its assignment.

In assigning the expected credit rating, ACRA used only information, the quality and reliability of which were, in ACRA’s opinion, appropriate and sufficient to apply the methodologies.

ACRA provided additional services to the Government of the Novosibirsk Region. No conflicts of interest were discovered in the course of expected credit rating assignment.