CREDIT RATING WITHDRAWAL RATIONALE
The Analytical Credit Rating Agency (ACRA) has withdrawn the еАAA(ru.sf) expected credit rating previously assigned to the senior tranche that was planned to be issued as part of a static RMBS transaction, as the transaction arranger and the issuer have decided not to issue the notes within the timeframe allocated for assigning the final credit rating. The withdrawal is caused by the procedural logistics of the transaction and not by the analytical reasons. The expected credit rating has been withdrawn without its concurrent affirmation.
Regulatory disclosure
The expected credit rating was assigned under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Structured Finance Instruments and Obligations 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 expected credit rating of the class A mortgage-backed securities planned to be issued by LLC “MA TB-2” was published by ACRA for the first time on June 26, 2023.
The expected credit rating was assigned based on data provided by Tinkoff Bank, information from publicly available sources, and ACRA’s own databases. The expected credit rating was solicited and Tinkoff Bank participated in its assignment.
In assigning the expected 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 Tinkoff Bank and LLC “MA TB-2”. No conflicts of interest were discovered in the course of expected credit rating assignment.
