CREDIT RATING WITHDRAWAL RATIONALE
ACRA has withdrawn its AAA(ru.sf) credit rating previously assigned to the senior tranche issued by LLC “MA BSPB 2” in this static RMBS transaction due to the full redemption of the notes. The withdrawal of the credit rating is due to the procedural logistics of the transaction, and not to the analytical components.
regulatory disclosure
The definitive credit rating was previously assigned under the national scale of the structured finance sector for the Russian Federation based on the Methodology for Assigning Credit Ratings to Structured Finance Instruments and Obligations 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 the mortgage-backed notes issued by LLC “MA BSPB 2” was published by ACRA for the first time on December 4, 2018.
The credit rating was assigned based on data provided by “Bank “Saint-Petersburg” PJSC, information from publicly available sources, and ACRA’s own databases. The credit rating is solicited and “Bank “Saint-Petersburg” PJSC 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 “Bank “Saint-Petersburg” PJSC. ACRA provided no additional services to LLC “MA BSPB 2”. No conflicts of interest were discovered in the course of credit rating assignment.
