Credit rating withdrawal rationale
The credit rating of the series 001Р-01 bond (RU000A103935) of restore LLC has been withdrawn due to the full redemption of this issue on June 13, 2024. Previously, in accordance with ACRA’s methodology, an A-(RU) credit rating was assigned to the bond, i.e. on par with the credit rating of ReStore Retail Group Limited. The credit rating has been withdrawn without its concurrent affirmation.
regulatory disclosure
The credit rating was assigned 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 001Р-01 bond issue (RU000A103935) of restore LLC was published by ACRA for the first time on March 11, 2024.
The credit rating was assigned based on data provided by ReStore Retail Group Limited, restore LLC, information from publicly available sources, and ACRA’s own databases. The credit rating is solicited and ReStore Retail Group Limited and restore LLC 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 ReStore Retail Group Limited and restore LLC. No conflicts of interest were discovered in the course of credit rating assignment.
