ACRA has withdrawn its credit rating BBB-(RU), outlook Positive, on the Kaliningrad Region and credit rating BBB-(RU) on the bond (RU34001KLN0) issued by the Kaliningrad Region. The ratings have been withdrawn as the Kaliningrad Region has chosen to stop participating in the rating process. The ratings have been withdrawn without prior affirmation, as ACRA has no sufficient information on the financial status of the Kaliningrad Region.

Regulatory disclosure

The credit rating was assigned to the Kaliningrad Region under the national scale for the Russian Federation based on the Methodology for Credit Ratings Assignment to Regional and Municipal Authorities 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 on the Kaliningrad Region was first published by ACRA on December 21, 2016.

The credit rating was assigned to the bond (RU34001KLN0) issued by the Kaliningrad Region 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 Analytical Credit Rating Agency within the Scope of Its Rating Activities.

The credit rating on the bond (RU34001KLN0) issued by the Kaliningrad Region was first published by ACRA on December 23, 2016.

ACRA provided no additional services to the Government of the Kaliningrad Region. No conflicts of interest were discovered in the course of credit rating process.

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Analysts

Andrey Piskunov
Senior Director, Head of Sovereign and Regional Ratings Group
+7 (495) 139 04 85
Elena Anisimova
Senior Director - Head of Sub-sovereign Ratings Group
+7 (495) 139 04 86
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