Credit rating rationale
In the Agency’s opinion, the bonds issued by the Tambov Region has a status of senior unsecured debt, and the credit rating of this instrument corresponds to the credit rating of the Tambov Region.
Key issue properties
| Issuer | Tambov Region |
| Issuer’s credit rating | BBB+(RU), outlook Stable |
| Actual issuer | Tambov Region Finance Department |
| Type of security | Government bonds |
| Issue volume | RUB 3.5 bln |
| ISIN / RegS | RU000A0JXVH8 / RU35003TMB0 |
| Issue date | July 12, 2017 |
| Redemption schedule | October 15, 2021 — 25% of nominal value October 14, 2022 — 25% of nominal value October 13, 2023 — 25% of nominal value July 12, 2024 — 25% of nominal value |
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 bond of the Tambov Region for the first time. The credit rating is expected to be revised within 182 days following the rating action date (July 11, 2017).
The assigned credit rating is based on the data provided by the Tambov Region. The credit rating is solicited, and the Tambov Region participated in its assignment.
No material discrepancies between the provided data and the data officially disclosed by the Tambov Region in its financial statements have been discovered.
ACRA provided no additional services to the Tambov Region. No conflicts of interest were discovered in the course of credit rating assignment.
