Credit rating rationale. In ACRA’s opinion, the bond issued by the Krasnodar Krai is a senior unsecured debt instrument, and its credit rating is equal to the credit rating of the Krasnodar Krai (A(RU)).
Key issue properties
| Issue volume | RUB 10.0 bln |
| ISIN / RegS: | - / RU35003KND0 |
| Placement start date / Repayment date | November 14, 2019 / November 12, 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 (RU35003KND0) issued by the Krasnodar Krai for the first time. The credit rating is expected to be revised within 182 days following the publication date of this press release as per the Calendar of planned sovereign credit rating revisions and publications.
The assigned credit rating is based on the data provided by the Krasnodar Krai. The credit rating is solicited, and the Krasnodar Krai Administration participated in its assignment.
No material discrepancies between the provided data and the data officially disclosed by the Krasnodar Krai in its financial statements have been discovered.
ACRA provided no additional services to the Krasnodar Krai Administration. No conflicts of interest were discovered in the course of credit rating assignment.
