CREDIT RATING WITHDRAWAL RATIONALE
The credit rating of the series PBO-001P-30B (RU000A103FY7) bond issue of VEB.RF has been withdrawn due to the full redemption of this bond issue on July 23, 2026. Previously, 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 VEB.RF.
REGULATORY DISCLOSURE
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Applicable credit rating methodologies, including those used to assess the rated entity’s standalone creditworthiness and rating-sensitive external factors |
1. 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. |
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First publication date of the credit rating |
July 29, 2021 |
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Last publication date of the credit rating |
March 25, 2026 |
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Material sources of information |
The rated entity, publicly available sources, and ACRA’s own databases. |
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Rating solicitation |
Solicited |
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Limitations with respect to the credit rating or the credit rating outlook, including those related to the quality of information on the rated object available to the credit rating agency |
ACRA used only information, the quality and reliability of which were, in ACRA’s opinion, appropriate and sufficient to apply the rating methodologies. No conflicts of interest were discovered in the course of the credit rating process. |
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Ancillary services, if any, provided to the rated entity during the year preceding the rating action, and the period of these services |
Assessment of the obligations of a company/regions, municipalities and countries for compliance with sustainable development principles from May 19, 2025 to May 18, 2026 and from May 27, 2026 to the present. |
