CREDIT RATING WITHDRAWAL RATIONALE
The Analytical Credit Rating Agency (ACRA) has withdrawn the A-(RU) credit rating, outlook Stable, which was previously assigned to “Business - Realty” JSC, as well as the A-(RU) credit rating, which was previously assigned its bond issues (RU000A1022G1, RU000A104BY4), due to contract expiration. The ratings have been withdrawn without their concurrent affirmation.
regulatory disclosure
The credit ratings were previously assigned to “Business - Realty” JSC and its bond issues (RU000A1022G1, RU000A104BY4) under the national scale for the Russian Federation based on the Methodology for Credit Ratings Assignment to Non-Financial Corporations under the National Scale for the Russian Federation, Methodology for Analyzing Rated Entities Associated with a State or a Group, and the Key Concepts Used by the Analytical Credit Rating Agency within the Scope of Its Rating Activities. The Methodology for Assigning Credit Ratings to Financial Instruments under the National Scale for the Russian Federation was also applied to assign the credit rating to the above issues.
The credit ratings of “Business - Realty” JSC and its bond issues (RU000A1022G1, RU000A104BY4) were published by ACRA for the first time on July 14, 2023.
The credit ratings were assigned based on data provided by “Business - Realty” JSC, information from publicly available sources, and ACRA’s own databases. The credit ratings are solicited and “Business - Realty” JSC participated in their assignment.
In assigning the credit ratings, 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 “Business - Realty” JSC. No conflicts of interest were discovered in the course of credit rating assignment.
