CREDIT RATING WITHDRAWAL RATIONALE
ACRA has withdrawn A(RU) credit ratings, status ‘Rating under revision: developing’, of Home Credit & Finance Bank Limited Liability Company and its bonds (RU000A102RF3, RU000A103760) due to contract expiration. The ratings have been withdrawn without their concurrent affirmation.
regulatory disclosure
The credit ratings were previously assigned to Home Credit & Finance Bank Limited Liability Company and the bonds issued by Home Credit & Finance Bank Limited Liability Company (RU000A102RF3, RU000A103760) under the national scale for the Russian Federation based on the Methodology for Credit Ratings Assignment to Banks and Bank Groups under the National Scale for the Russian Federation, Methodology for Assigning Credit Ratings with Support, 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 ratings to the above issues.
The credit rating of Home Credit & Finance Bank Limited Liability Company and the credit ratings of the bonds issued by Home Credit & Finance Bank Limited Liability Company (RU000A102RF3, RU000A103760) were published by ACRA for the first time on November 19, 2019, February 15, 2021, and June 7, 2021, respectively.
The credit ratings were assigned based on data provided by Home Credit & Finance Bank Limited Liability Company, information from publicly available sources, and ACRA’s own databases. The rating analysis was performed using the IFRS financial statements of Home Credit & Finance Bank Limited Liability Company and the financial statements of Home Credit & Finance Bank Limited Liability Company drawn up in compliance with the Bank of Russia’s requirements. The credit ratings are solicited, and Home Credit & Finance Bank Limited Liability Company 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 Home Credit & Finance Bank Limited Liability Company. No conflicts of interest were discovered in the course of credit rating assignment.
