CREDIT RATING WITHDRAWAL RATIONALE
ACRA has withdrawn the A(RU) credit rating, outlook Stable, which was previously assigned to ERA Group JSC, due to contract expiration. The rating has been withdrawn without its concurrent affirmation because ACRA does not possess sufficient up-to-date information about ERA Group JSC’s financial standing and operations.
REGULATORY DISCLOSURE
The credit rating was previously assigned to ERA Group JSC under the national scale for the Russian Federation based on the Methodology for Credit Ratings Assignment to Non-Financial Corporations under 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 ERA Group JSC was published by ACRA for the first time on November 25, 2021.
The credit rating was assigned based on data provided by ERA Group JSC, information from publicly available sources, and ACRA’s own databases. The credit rating is solicited and ERA Group JSC participated in its assignment.
In assigning the credit rating, ACRA used only information, the quality and reliability of which were, in ACRA’s opinion, appropriate and sufficient to apply the methodologies.
ACRA provided no additional services to ERA Group JSC. No conflicts of interest were discovered in the course of credit rating assignment.
