ACRA ASSIGNS eAАА(RU) TO THE RU34002HMN0 BOND ISSUE OF THE KHANTY-MANSI AUTONOMOUS OKRUG-YUGRA

Expected credit rating rationale. In ACRA’s opinion, the bond issue of Khanty-Mansi Autonomous Okrug-Yugra listed below represents senior unsecured debt, the expected credit rating of which corresponds to the credit rating of the Khanty-Mansi Autonomous Okrug-Yugra and is set at eAAA(RU).

key issue properties

Source: issuer’s data

REGULATORY DISCLOSURE

The expected credit rating has been assigned to the bond issue of the Khanty-Mansi Autonomous Okrug-Yugra 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 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.

An expected credit rating of the bond issue (state registration number RU34002HMN0) under the national scale for the Russian Federation has been published for the first time.

The credit rating is expected to be revised within 182 days as per the Calendar of sovereign credit rating revisions and publications.

ACRA will assign a credit rating to the bond issue (state registration number RU34002HMN0) after the final documentation is provided. In case of any significant discrepancies between the final documentation and the preliminary materials, ACRA may change the issue’s credit rating against the expected credit rating.

The expected credit rating was assigned based on data provided by the Khanty-Mansi Autonomous Okrug-Yugra, information from publicly available sources (the Ministry of Finance, the Federal State Statistics Service, and the Federal Tax Service), and ACRA’s own databases.

The expected credit rating is solicited and the Khanty-Mansi Autonomous Okrug-Yugra participated in its assignment.

In assigning the expected 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 the Khanty-Mansi Autonomous Okrug-Yugra during the year preceding the rating action.

No conflicts of interest were discovered in the course of expected credit rating assignment.