Credit rating rationale. In ACRA’s opinion, the below bond issued by the Khanty-Mansiysk Autonomous Okrug - Ugra is a senior unsecured instrument, and its credit rating is equal to the rating assigned to the Khanty-Mansiysk Autonomous Okrug - Ugra.

Key issue properties

RegS / ISIN: RU35002HMN0 /

Issue volume / outstanding

RUB 7 bln /

Issue date / Maturity

December 19, 2017 / December 17, 2024

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 the Khanty-Mansiysk Autonomous Okrug - Ugra for the first time. The credit rating is expected to be revised within 182 days following the rating action date (December 15, 2017).

The assigned credit rating is based on the data provided by the Khanty-Mansiysk Autonomous Okrug - Ugra. The credit rating is solicited, and the Government of the Khanty-Mansiysk Autonomous Okrug - Ugra participated in its assignment.

No material discrepancies between the provided data and the data officially disclosed by the Khanty-Mansiysk Autonomous Okrug - Ugra in its financial statements have been discovered.

ACRA provided no additional services to the Government of the Khanty-Mansiysk Autonomous Okrug - Ugra. No conflicts of interest were discovered in the course of credit rating assignment.

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Analysts

Elena Anisimova
Managing Director, Head of Sovereign and Regional Ratings Group
+7 (495) 139 04 86
Ilya Tsypkin
Associate Director, Head of Municipal Ratings, Sovereign and Regional Ratings Group
+7 (495) 139 03 45
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