Credit rating rationale. ACRA is of the opinion that the below bond issued by Saint Petersburg is a senior unsecured debt instrument, which credit rating is equal to that of Saint Petersburg.
Key issue properties
RegS / ISIN: RU35002GSP0 / -
| Issue volume / outstanding | RUB 25 bln / - |
| Issue date / Maturity | December 15, 2017 / December 4, 2026 |
Regulatory disclosure
The credit rating has been assigned 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 of the Russian Federation and the Key Concepts Used by the Analytical Credit Rating Agency within the Scope of Its Rating Activities.
A credit rating has been assigned to the bond of Saint Petersburg for the first time. The credit rating is expected to be revised within 182 days following the rating action date (December 12, 2017).
The assigned credit rating is based on the data provided by Saint Petersburg. The credit rating is solicited, and the Saint Petersburg City Administration participated in its assignment.
No material discrepancies between the provided data and the data officially disclosed by Saint Petersburg in its financial statements have been discovered.
ACRA provided no additional services to the Saint Petersburg City Administration. No conflicts of interest were discovered in the course of credit rating assignment.
