Credit rating withdrawal rationale

The credit rating of 001R-02 series bond (RU000A0ZYQX9) issued by Bank RRDB (JSC) has been withdrawn due to the full redemption of this issue on July 30, 2021. Before the withdrawal, an AA(RU) credit rating was affirmed to the bond, i.e. on par with the credit rating of Bank RRDB (JSC). The rating has been withdrawn without its concurrent affirmation.

Regulatory disclosure

The credit rating was previously assigned to the RU000A0ZYQX9 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 RU000A0ZYQX9 bond issued by Bank RRDB (JSC) was published by ACRA for the first time on January 31, 2018.

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.

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 Bank RRDB (JSC). No conflicts of interest were discovered in the course of credit rating assignment.

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Analysts

Mikhail Polukhin
Director, Financial Institutions Ratings Group
+7 (495) 139 03 47
Irina Nosova
Director, Financial Institutions Ratings Group
+7 (495) 139 04 81
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