Credit rating withdrawal rationale
Due to contract expiration, ACRA has withdrawn the credit rating of Volkswagen Group Finanz OOO at AAA(RU), outlook Stable, without its concurrent affirmation, since no sufficient and updated information on the financial condition and business of Volkswagen Group Finanz OOO is available.
regulatory disclosure
The credit rating was assigned to Volkswagen Group Finanz OOO under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Leasing Companies on the National Scale for the Russian Federation, Methodology for Analyzing Rated Entities Associated with a State or a Group, and the Key Concepts Used by the Analytical Credit Rating Agency within the Scope of Its Rating Activities.
The credit rating of Volkswagen Group Finanz OOO was published by ACRA for the first time on December 29, 2020.
The credit rating was assigned based on data provided by Volkswagen Group Finanz OOO, information from publicly available sources, and ACRA’s own databases. The rating analysis was performed using the IFRS financial statements of Volkswagen Group Finanz OOO. The credit rating is solicited, and Volkswagen Group Finanz OOO 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 no additional services to Volkswagen Group Finanz OOO. No conflicts of interest were discovered in the course of credit rating assignment.
