CREDIT RATING WITHDRAWAL RATIONALE
At the request of Uvelit JSC, ACRA has withdrawn its A(RU) credit rating, outlook Stable, Watch status, and the A(RU) credit rating, Watch status, assigned to its RU000A105PK0 bond issue. The credit ratings have been withdrawn without their concurrent affirmation.
REGULATORY DISCLOSURE
The credit ratings were previously assigned to Uvelit JSC and the RU000A105PK0 bond issue of Uvelit JSC based on the following methodologies: the Methodology for Assigning Credit Ratings to Non-Financial Corporations under the National Scale for the Russian Federation to calculate the SCA and determine the credit rating and the credit rating outlook of Uvelit JSC under the national scale for the Russian Federation, the Methodology for Assigning Credit Ratings to Financial Instruments under the National Scale for the Russian Federation to determine the credit rating of the bond issue of Uvelit JSC 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 to ensure consistent and uniform application of ACRA’s methodologies, models, and key rating assumptions.
The credit ratings of Uvelit JSC and the RU000A105PK0 bond issue of Uvelit JSC were published by ACRA for the first time on November 23, 2022 and December 27, 2022, respectively.
The credit ratings were assigned based on data provided by Uvelit JSC, information from publicly available sources, and ACRA’s own databases. The credit ratings are solicited and Uvelit 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 Uvelit JSC during the year preceding the rating action.
No conflicts of interest were discovered in the course of credit rating assignment.
