Credit rating rationale. In ACRA’s opinion, the below bonds issued by the Samara Region are senior unsecured instruments, and their credit rating is equal to the rating assigned to the Samara Region.
Key issue properties
1) RegS / ISIN: RU35008SAM0 / RU000A0JS9J0
Issue volume / outstanding | RUB 10 bln / RUB 1 bln |
Issue date | June 20, 2012 |
2) RegS / ISIN: RU35009SAM0 / RU000A0JU2H5
Issue volume / outstanding | RUB 8.3 bln / RUB 6.64 bln |
Issue date | August 9, 2013 |
3) RegS / ISIN: RU35010SAM0 / RU000A0JUQP7
Issue volume / outstanding | RUB 12 bln / RUB 8.4 bln |
Issue date | July 10, 2014 |
4) RegS / ISIN: RU34011SAM0 / RU000A0JVK00
Issue volume / outstanding | RUB 7 bln / RUB 4.9 bln |
Issue date | June 25, 2015 |
5) RegS / ISIN: RU35012SAM0 / RU000A0JWM56
Issue volume / outstanding | RUB 10 bln / RUB 10 bln |
Issue date | July 1, 2016 |
Regulatory disclosure
The credit rating has been assigned 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.
A credit rating has been assigned to the above bonds issued by the Samara Region for the first time. The credit rating is expected to be revised within 182 days following the rating action date (July 7, 2017).
The assigned credit rating is based on the data provided by the Samara Region. The credit rating is solicited, and the Samara Region participated in its assignment.
No material discrepancies between the provided data and the data officially disclosed by the Samara Region in its financial statements have been discovered.
ACRA provided no additional services to the Samara Region. No conflicts of interest were discovered in the course of credit rating assignment.
