CREDIT RATING WITHDRAWAL RATIONALE
The credit rating of the series ЗО26-D bond issue (RU000A107AQ5) of JSC “GTLK” has been withdrawn due to the full redemption of this issue on February 18, 2026. Previously, in accordance with ACRA’s methodology, an AA-(RU) credit rating was affirmed to the bond, i.e. on par with the credit rating of JSC “GTLK”.
REGULATORY DISCLOSURE
The credit rating was previously assigned to the bond issue of JSC “GTLK” 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, rating scales, models, and key rating assumptions.
The credit rating of the issue (RU000A107AQ5) assigned under the national scale for the Russian Federation was published by ACRA for the first time on December 6, 2023.
The credit rating was assigned based on data provided by JSC “GTLK”, information from publicly available sources, and ACRA’s own databases.
The credit rating is solicited and JSC “GTLK” 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 JSC “GTLK”: assignment of an ESG rating to a company (sovereign/sub-sovereign) from September 2, 2024 to October 30, 2025; assessment of the obligations of companies/regions, municipalities and countries for compliance with sustainable development principles from October 25, 2024 to the present; assignment of an ESG rating to a company (sovereign/sub-sovereign) from October 29, 2025 to the present.
No conflicts of interest were discovered in the course of credit rating assignment.
