Credit rating rationale. In ACRA’s opinion, the below bond issued by the Republic of Sakha (Yakutia) is a senior unsecured instrument, and its credit rating is equal to the rating assigned to the Republic of Sakha (Yakutia).
Key issue properties
1) RegS / ISIN: RU35010RSY0 / RU000A0ZZ7E6
Issue volume / outstanding
RUB 5.5 bln / RUB 5.5 bln
Final placement date / Repayment date
May 24, 2018 / May 15, 2025
The credit rating has been assigned under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Individual Issues of Financial Instruments under the National Scale of the Russian Federation and the Key Concepts Used by the Analytical Credit Rating Agency within the Scope of Its Rating Activities.
A credit rating has been assigned to the bond (RU000A0ZZ7E6) of the Republic of Sakha (Yakutia) for the first time. The credit rating is expected to be revised within 182 days following the rating action date (May 30, 2018) in compliance with the 2018 calendar of planned sovereign credit rating revisions and publications.
The assigned credit rating is based on the data provided by the Republic of Sakha (Yakutia). The credit rating is solicited, and the Republic of Sakha (Yakutia) participated in its assignment.
No material discrepancies between the provided data and the data officially disclosed by the Republic of Sakha (Yakutia) in its financial statements have been discovered.
ACRA provided no additional services to the Republic of Sakha (Yakutia). No conflicts of interest were discovered in the course of credit rating assignment.