CREDIT RATING WITHDRAWAL RATIONALE
The credit rating of the series BO-006P-01 (RU000A106XP1) and series BO-006P-02 (RU000A107043) bond issues of The State Company “Russian Highways” has been withdrawn due to the full early redemption of these issue on April 5, 2024 and April 9, 2024, respectively. Before the withdrawal, in accordance with ACRA’s methodology, an AA(RU) credit rating was assigned to the bond issues, i.e. on par with the credit rating of The State Company “Russian Highways”. The rating has been withdrawn without its concurrent affirmation.
REGULATORY DISCLOSURE
The credit rating was previously assigned to the series BO-006P-01 (RU000A106XP1) and series BO-006P-02 (RU000A107043) bond issues of The State Company “Russian Highways” 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-006P-01 (RU000A106XP1) and series BO-006P-02 (RU000A107043) bond issues of The State Company “Russian Highways” was published by ACRA for the first time on October 30, 2023 and October 10, 2023, respectively.
The credit rating was assigned based on data provided by The State Company “Russian Highways”, information from publicly available sources, and ACRA’s own databases. The credit rating is solicited and The State Company “Russian Highways” 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 The State Company “Russian Highways”. No conflicts of interest were discovered in the course of credit rating assignment.
