CREDIT RATING WITHDRAWAL RATIONALE
ACRA has withdrawn the credit rating of the series 001P-01 (RU000A0JVUK8) bond issue of Sistema PJSFC due to the full redemption of this issue on September 30, 2025. 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 Sistema PJSFC. The credit rating has been withdrawn without its concurrent affirmation.
REGULATORY DISCLOSURE
The credit rating was assigned to the RU000A0JVUK8 bond issue of Sistema PJSFC under the national scale for the Russian Federation based on the following methodologies: the Methodology for Assigning Credit Ratings to Financial Instruments under the National Scale for the Russian Federation to determine the credit rating of the bond issue of Sistema PJSFC under the national scale and the Key Concepts Used by the Analytical Credit Rating Agency within the Scope of Its Rating Activities to ensure consistent and uniform application of ACRA’s methodologies, models and key rating assumptions.
The credit rating of the RU000A0JVUK8 bond issue of Sistema PJSFC was published by ACRA for the first time on August 22, 2023.
The credit rating was assigned based on data provided by Sistema PJSFC, information from publicly available sources, and ACRA’s own databases.
The credit rating is solicited and Sistema PJSFC 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 Sistema PJSFC within the year preceding the rating action.
No conflicts of interest were discovered in the course of credit rating assignment.
