Credit rating withdrawal rationale
The withdrawal of the credit rating assigned to the bond issued by the Magadan Region (RU000A0JV3Z4) is due to its full redemption.
Magadan Region, 34001 (ISIN RU000A0JV3Z4), maturity date: December 24, 2018, issue volume: RUB 1 bln.
According to the ACRA methodology, the credit rating equivalent to that of the Magadan Region has been assigned to this issue, i.e. BBB-(RU). The credit rating is withdrawn without its concurrent affirmation.
The credit rating has been previously assigned to the RU000A0JV3Z4 bond issued by the Magadan 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 the Analytical Credit Rating Agency within the Scope of Its Rating Activities.
For the first time, the credit rating of the RU000A0JV3Z4 bond was published by ACRA on April 26, 2018.
The credit rating was assigned based on data provided by the Magadan Region, information from publicly available sources, as well as ACRA’s own databases. The credit rating is solicited, and the Magadan Regional Government participated in its assignment.
No material discrepancies between the provided data and data officially disclosed by the Magadan Region in its financial report have been discovered
ACRA provided no additional services to the Magadan Regional Government. No conflicts of interest were discovered in the course of credit rating assignment.