CREDIT RATING WITHDRAWAL RATIONALE
The credit rating of the series BO-01RS-P (RU000A103GT5) bond issue of JSC Russian Agricultural Bank has been withdrawn due to the full redemption of this issue on July 23, 2024. Previously, in accordance with ACRA’s methodology, the credit rating of this issue was affirmed at AA(RU), i.e. on par with the credit rating of JSC Russian Agricultural Bank. The credit rating has been withdrawn without its concurrent affirmation.
Regulatory disclosure
The credit rating was previously assigned to the RU000A103GT5 bond issue of JSC Russian Agricultural Bank 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 Analytical Credit Rating Agency within the Scope of Its Rating Activities.
The credit rating of the RU000A103GT5 bond issue of JSC Russian Agricultural Bank was published by ACRA for the first time on August 9, 2021.
The credit rating was assigned based on data provided by JSC Russian Agricultural Bank, information from publicly available sources, and ACRA’s own databases. The credit rating is solicited and JSC Russian Agricultural Bank participated in its assignment.
In assigning the 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 JSC Russian Agricultural Bank. No conflicts of interest were discovered in the course of the credit rating assignment.
