Credit rating withdrawal rationale
The withdrawal of the credit rating of the BO-24 series (RU000A0ZYB73) bond issued by Bank GPB (JSC) is due to the full redemption of this bond issue on September 26, 2020. Before the withdrawal, the credit rating of the bond issue was upgraded to AA+(RU), i.e. on par with the credit rating of Bank GPB (JSC). The rating has been withdrawn without its concurrent affirmation.
Regulatory disclosure
The credit rating was previously assigned to the BO-24 series (RU000A0ZYB73) bond issued by Bank GPB (JSC) 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.
The credit rating of the BO-24 series (RU000A0ZYB73) bond was published by ACRA for the first time on September 25, 2017.
The credit rating was assigned based on the data provided by Bank GPB (JSC), information from publicly available sources, as well as ACRA’s own databases. The credit rating is solicited, and Bank GPB (JSC) participated in its assignment.
No material discrepancies between the provided data and the data officially disclosed by Bank GPB (JSC) in its financial statements have been discovered.
ACRA provided additional services to Bank GPB (JSC). No conflicts of interest were discovered in the course of credit rating assignment.
