CREDIT RATING WITHDRAWAL RATIONALE
The credit rating of the series 002P-SBER48 (RU000A10A3L4) bond issue of Sberbank has been withdrawn due to the full redemption of this issue on November 21, 2025. Before the withdrawal, in accordance with ACRA’s methodology, an AAA(RU) credit rating was affirmed to the issue, i.e. on par with the credit rating of Sberbank. The rating has been withdrawn without its concurrent affirmation.
REGULATORY DISCLOSURE
The credit rating of the bond issue of Sberbank was previously assigned based on the following methodologies: 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 under the national scale for the Russian Federation; 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 rating of the bond issue (ISIN RU000A10A3L4) under the national scale for the Russian Federation was published by ACRA for the first time on November 22, 2024.
The credit rating was assigned based on data provided by Sberbank, information from publicly available sources, and ACRA’s own databases.
The credit rating was solicited and Sberbank 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 the following additional services to Sberbank: services for assessing the obligations of a company/regions, municipalities and countries for compliance with sustainable development principles from April 29, 2021 to the present; the service of assigning an ESG rating to a company (sovereign/sub-sovereign) from July 2, 2024 to July 2, 2025; the service of assigning an ESG rating to a company (sovereign/sub-sovereign) from July 2, 2025 to the present; data dissemination services from April 28, 2024 to April 27, 2025; data dissemination services from April 28, 2025 to the present.
No conflicts of interest were discovered in the course of credit rating assignment.
