credit rating withdrawal rationale
The credit rating of the series BO-09 (RU000A100PS4) bond issue of LLC “RGS Finance” has been withdrawn due to the full redemption of the issue on August 8, 2024. Previously, in accordance with ACRA’s methodology, the credit rating of this issue was affirmed at BBB+(RU), i.e. on par with the credit rating of KORTROS LLC. The credit rating has been withdrawn without its concurrent affirmation.
regulatory disclosure
The credit rating was previously assigned to the series BO-09 (RU000A100PS4) bond issue of LLC “RGS Finance” under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Financial Instruments under the National Scale of 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 series BO-09 (RU000A100PS4) bond issue of LLC “RGS Finance” was published by ACRA for the first time on September 24, 2019.
The credit rating was assigned based on data provided by LLC “RSG-Finance” and KORTROS LLC, information from publicly available sources, and ACRA’s own databases. The credit rating is solicited and LLC “RSG-Finance” and KORTROS LLC 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 no additional services to LLC “RSG-Finance” and KORTROS LLC. No conflicts of interest were discovered in the course of credit rating assignment.
