Credit rating withdrawal rationale
ACRA has withdrawn the credit rating previously assigned to the series BO-P02 (RU000A100733) bond issue of AVTOBAN-Finance JSC due to the full redemption of this issue on March 19, 2024. Previously, as per ACRA’s methodology, the credit rating of the bond issue was affirmed on par with the credit rating of Investment Construction Company AVTOBAN JSC — A(RU). The credit rating has been withdrawn without its concurrent affirmation.
regulatory disclosure
The credit rating was previously assigned to the series BO-P02 (RU000A100733) bond issue of AVTOBAN-Finance JSC under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Financial Instruments 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 series BO-P02 (RU000A100733) bond issue of AVTOBAN-Finance JSC was published by ACRA for the first time on December 20, 2019.
The credit rating was assigned based on data provided by Investment Construction Company AVTOBAN JSC, information from publicly available sources, and ACRA’s own databases. The credit rating was assigned based on the consolidated IFRS financial statements of Investment Construction Company AVTOBAN JSC. The credit rating is solicited and Investment Construction Company AVTOBAN 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 no additional services to Investment Construction Company AVTOBAN JSC. ACRA provided additional services to AVTOBAN-Finance JSC. No conflicts of interest were discovered in the course of credit rating assignment.
