CREDIT RATING WITHDRAWAL RATIONALE
ACRA has withdrawn the BB- credit rating previously assigned to NC Food Contract Corporation JSC under the international scale, outlook Stable, and the BBB(RU) credit rating previously assigned to its Series 01 (RU000A102BF7) bond issue. The ratings have been withdrawn without their concurrent affirmation.
REGULATORY DISCLOSURE
The credit rating of NC Food Contract Corporation JSC was previously assigned under the international scale based on the Methodology for Assigning Credit Ratings to Non-financial Corporations under the International Scale, 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 the Series 01 bond issue (RU000A102BF7) of NC Food Contract Corporation JSC was previously assigned 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, 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 the Analytical Credit Rating Agency Within the Scope of Its Rating Activities.
The credit ratings of NC Food Contract Corporation JSC and the Series 01 bond issue (RU000A102BF7) of NC Food Contract Corporation JSC were published by ACRA for the first time on July 6, 2020 and April 2, 2021, respectively.
ACRA provided no additional services to NC Food Contract Corporation JSC. No conflicts of interest were discovered in the course of credit rating assignment.
