Credit rating withdrawal rationale

The withdrawal of the credit rating of series BО-09Р bond issued by JSC Russian Agricultural Bank (RU000A100GM6) is due to the full redemption of this bond on June 22, 2021, as planned. Before the withdrawal, a credit rating was assigned to the bond on par with the credit rating of JSC Russian Agricultural Bank — AA(RU). The rating has been withdrawn without its concurrent affirmation.

Regulatory disclosure

The credit rating was assigned to RU000A100GM6 bond issued by JSC Russian Agricultural Bank 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 RU000A100GM6 bond issued by JSC Russian Agricultural Bank was published by ACRA for the first time on June 28, 2019.

The credit rating was assigned based on the data provided by JSC Russian Agricultural Bank, information from publicly available sources, as well as ACRA’s own databases. The credit rating is solicited, and JSC Russian Agricultural Bank participated in its assignment.

In assigning the credit rating, ACRA used only information, the quality and reliability of which was, in ACRA's opinion, appropriate and sufficient to apply the methodologies.

ACRA provided additional services to JSC Russian Agricultural Bank. No conflicts of interest were discovered in the course of credit rating assignment.

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