Credit rating withdrawal rationale
The credit rating of the BO-P09 series bond (RU000A103PT6) issued by “Bank Otkritie Financial Corporation” (PJSC) has been withdrawn due to the full redemption of this issue on September 19, 2024. Before the withdrawal, in accordance with ACRA’s methodology, the credit rating of the bond was affirmed at AA(RU), i.e. on par with the credit rating of “Bank Otkritie Financial Corporation” (PJSC). The rating has been withdrawn without its concurrent affirmation.
Regulatory disclosure
The credit rating was previously assigned to the RU000A103PT6 bond issued by “Bank Otkritie Financial Corporation” (PJSC) 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 RU000A103PT6 bond issued by “Bank Otkritie Financial Corporation” (PJSC) was published by ACRA for the first time on September 23, 2021.
The credit rating was assigned based on data provided by “Bank Otkritie Financial Corporation” (PJSC), information from publicly available sources, and ACRA’s own databases. The credit rating is solicited, and “Bank Otkritie Financial Corporation” (PJSC) participated in its assignment.
In assigning the credit rating, ACRA used only information, the quality and reliability of which was, in ACRA’s opinion, appropriate and sufficient to apply the methodologies.
ACRA provided additional services to “Bank Otkritie Financial Corporation” (PJSC). No conflicts of interest were discovered in the course of credit rating assignment.
