credit rating withdrawal rationale
The credit rating of the 001P-02P series bond (RU000A0ZZUL3) of Bank GPB (JSC) has been withdrawn due to the full redemption of this issue on November 21, 2023. Before the withdrawal, in accordance with ACRA’s methodology, an AA+(RU) credit rating was affirmed to the bond, i.e. on par with the credit rating of Bank GPB (JSC). The rating has been withdrawn without its concurrent affirmation.
Regulatory disclosure
The credit rating was previously assigned to the RU000A0ZZUL3 bond issue of Bank GPB (JSC) under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Financial Instruments under the National Scale of 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 RU000A0ZZUL3 bond issue of Bank GPB (JSC) was published by ACRA for the first time on November 19, 2018.
The credit rating was assigned based on data provided by Bank GPB (JSC), information from publicly available sources, and ACRA’s own databases. The credit rating is solicited and Bank GPB (JSC) 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 GPB (JSC). No conflicts of interest were discovered in the course of credit rating assignment.
