Following the request from JSC «Kazakhstan Housing Company» (JSC KHC), ACRA has withdrawn the expected eAA+(RU) credit rating assigned previously to the bond of KHC Finance LLC (ISIN RU000A103TV4; state registration No. 4B02-01-00032-L-001P dated June 3, 2021 at the Moscow Exchange) without its concurrent affirmation. JSC KHC acts as an offeror of the abovementioned bond.
REGULATORY DISCLOSURE
The expected credit rating was assigned to the 001P-01 series bond of KHC Finance LLC (state registration No. 4B02-01-00032-L-001P dated June 03, 2021 at the Moscow Exchange) 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, the Methodology for Mapping Credit Ratings Assigned on ACRA’s International Scale to Credit Ratings Assigned on ACRA’s 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 expected credit rating of the 001P-01 series bond of KHC Finance LLC (state registration No. 4B02-01-00032-L-001P dated June 03, 2021 at the Moscow Exchange) was published by ACRA for the first time on September 13, 2021.
The expected credit rating of the bond of KHC Finance LLC was assigned based on the data provided by JSC KHC, information from publicly available sources, as well as ACRA’s own databases. The rating analysis was performed using the consolidated IFRS financial statements of JSC KHC. The expected credit rating of the bond of KHC Finance LLC was solicited, and JSC KHC participated in its assignment.
In assigning the expected credit rating of the bond of KHC Finance LLC, ACRA used only information, the quality and reliability of which was, in ACRA's opinion, appropriate and sufficient to apply the methodologies.
ACRA provided no additional services to JSC KHC. No conflicts of interest were identified in the course of credit rating assignment.
