Credit rating withdrawal rationale
The withdrawal of the credit rating of XS1769724755 Eurobonds issued by PJSC RusHydro is due to the full redemption of this Eurobond issue. Before the withdrawal, the credit rating of the issue was affirmed at AAA(RU), i.e. on par with the credit rating of PJSC RusHydro. The rating has been withdrawn without its concurrent affirmation.
Regulatory disclosure
The credit rating was previously assigned to XS1769724755 Eurobonds issued by PJSC RusHydro under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Individual Issues of Financial Instruments on the National Scale for 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 XS1769724755 Eurobonds issued by PJSC RusHydro (actual issuer: RusHydro Capital Markets DAC) was published by ACRA for the first time on February 15, 2018.
The assigned credit rating is based on the data provided by PJSC RusHydro, information from publicly available sources, as well as ACRA’s own databases. The credit rating is solicited, and PJSC RusHydro participated in its assignment.
No material discrepancies between the provided data and the data officially disclosed by PJSC RusHydro in its financial statements have been discovered.
ACRA provided additional services to PJSC RusHydro. No conflicts of interest were discovered in the course of credit rating assignment.
