CREDIT RATING WITHDRAWAL RATIONALE

ACRA has withdrawn its A(RU) credit rating of “Proyekt-Grad” LLC, outlook Stable, due to contract expiration. The credit rating has been withdrawn without its concurrent affirmation.

regulatory disclosure

The credit rating was previously assigned to “Proyekt-Grad” LLC under the national scale for the Russian Federation based on the 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 credit rating of “Proyekt-Grad” LLC was published by ACRA for the first time on December 6, 2023.

The credit rating was assigned based on data provided by “Proyekt-Grad” LLC, information from publicly available sources, and ACRA’s own databases. The credit rating was solicited and “Proyekt-Grad” 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 “Proyekt-Grad” LLC. No conflicts of interest were discovered in the course of credit rating assignment.

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