credit rating withdrawal rationale
The credit rating of VEB.RF's RU000A0JXU48 bond and RU000A0ZYLJ9 bond has been withdrawn due to the full redemption of these bond issues on December 15, 2022. Before the withdrawal, in accordance with ACRA’s methodology, AAA(RU) was affirmed to these issues, i.e. on par with VEB.RF. The rating has been withdrawn without its concurrent affirmation.
regulatory disclosure
The credit rating was previously assigned to the RU000A0JXU48 and RU000A0ZYLJ9 bonds under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Individual Issues of Financial Instruments on 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 the RU000A0JXU48 and RU000A0ZYLJ9 bonds of VEB.RF was published by ACRA for the first time on July 25, 2017 and January 11, 2018, respectively.
The credit rating was assigned based on data provided by VEB.RF, information from publicly available sources, and ACRA’s own databases. The credit rating is solicited, and VEB.RF 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 additional services to VEB.RF. No conflicts of interest were discovered in the course of the credit rating assignment.
