credit rating WITHDRAWAL rationale
ACRA has withdrawn the credit rating of the series 01 (RU000A101FK0) bond issue of Russian National Commercial Bank due to the full redemption of this issue on February 16, 2023. Before the withdrawal, in accordance with ACRA’s methodology, an A+(RU) credit rating was affirmed to the bond issue, i.e. on par with the credit rating of Russian National Commercial Bank. The rating has been withdrawn without its concurrent affirmation.
regulatory disclosure
The credit rating was previously assigned to the RU000A101FK0 bond issue of Russian National Commercial Bank 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 RU000A101FK0 bond issue of Russian National Commercial Bank was published by ACRA for the first time on February 20, 2020.
The credit rating was assigned based on data provided by Russian National Commercial Bank, information from publicly available sources, and ACRA’s own databases. The credit rating is solicited and Russian National Commercial Bank 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 additional services to Russian National Commercial Bank. No conflicts of interest were discovered in the course of credit rating assignment.
