Credit rating withdrawal rationale
The withdrawal of the credit rating of 001R-01 series bond issued by Bank RRDB (JSC) (RU000A0ZYCJ8) is due to the full redemption of this bond on October 12, 2020. Before the withdrawal, according to ACRA’s methodology, the credit rating of the bond was upgraded to the credit rating of Bank RRDB (JSC), AA(RU). The rating has been withdrawn without its concurrent affirmation.
Regulatory disclosure
The credit rating was assigned to RU000A0ZYCJ8 bond issued by Bank RRDB (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 RU000A0ZYCJ8 bond issued by Bank RRDB (JSC) was published by ACRA for the first time on October 9, 2017.
The credit rating was assigned based on the data provided by Bank RRDB (JSC), information from publicly available sources, as well as ACRA’s own databases. The credit rating is solicited, and Bank RRDB (JSC) participated in its assignment.
No material discrepancies between the provided data and the data officially disclosed by Bank RRDB (JSC) in its financial statements have been discovered.
ACRA provided additional services to Bank RRDB (JSC). No conflicts of interest were discovered in the course of credit rating assignment.
