ACRA ASSIGNS AAA(RU) TO THE SERIES 001P-06 BOND (RU000A106128) ISSUED BY INTERNATIONAL INVESTMENT BANK

Credit rating rationale. The issue represents senior unsecured debt of International Investment Bank (hereinafter, IIB). Due to the absence of either structural or contractual subordination of the issue, ACRA regards it as equal to other existing and future unsecured and unsubordinated debt obligations of IIB in terms of priority. According to ACRA’s methodology, the credit rating of the issue is equivalent to that of IIB, i.e. AAA(RU).

IIB’s credit rating is driven by the Bank’s standalone creditworthiness assessment, which stems from strong capital adequacy, satisfactory assessment of the risk management system, concentrated risk profile, as well as adequate assessment of funding and liquidity.

The credit rating is AAA(RU), outlook Stable, under the national scale for the Russian Federation as per 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.

Key issue properties

Sources: ACRA, issuer’s data

Regulatory disclosure

The credit rating has been assigned under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Financial Instruments on the National Scale for 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 Analytical Credit Rating Agency within the Scope of Its Rating Activities.

A credit rating has been assigned to series 001P-06 bond (ISIN RU000A106128) issued by IIB for the first time. The credit rating is expected to be revised within 182 days following the publication date of this press release as per the Calendar of sovereign credit rating revisions and publications.

The credit rating was assigned based on data provided by IIB, information from publicly available sources, and ACRA’s own databases. The credit rating is solicited, and IIB 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 IIB. No conflicts of interest were discovered in the course of the credit rating assignment.