Training on modelling fundamentals December 17–18

Announcement of changes to the published rating press release in 2018

Announcement of changes to the published rating press release in 2017

December 7, 2018

ACRA (JSC) announces changes to the previously published press release on assigning the credit rating to RU000A0ZZRR6 bond issued by the Eurasian Development Bank (https://www.acra-ratings.com/press-releases/974; https://www.acra-ratings.com/about/news/713).

Changes made

Section “Regulatory Disclosure”

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The credit rating is expected to be revised within one year following the rating action date (November 8, 2018).

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The credit rating is expected to be revised within 182 days following the rating action date (November 8, 2018) as per the Calendar of planned sovereign credit rating revisions and publications.

December 7, 2018

ACRA (JSC) announces changes to the previously published press release on assigning the expected credit rating to bond issued by the Eurasian Development Bank (https://www.acra-ratings.com/press-releases/953; https://www.acra-ratings.com/about/news/696).

Changes made

The header on the first page of the PDF file

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FINANCIAL INSTITUTIONS: BANKS

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INTERNATIONAL FINANCIAL ORGANIZATIONS

Section “Regulatory Disclosure”

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The expected credit rating is expected to be revised within one year following the rating action date (October 25, 2018).

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The expected credit rating is expected to be revised within 182 days following the rating action date (October 25, 2018) as per the Calendar of planned sovereign credit rating revisions and publications.

November 12, 2018

ACRA (JSC) announces changes to the previously published press release on assigning the credit rating to RU000A0ZZRR6 bond issued by the Eurasian Development Bank (https://www.acra-ratings.com/press-releases/974; https://www.acra-ratings.com/about/news/713).

Changes made

Previous edit

The risk profile is characterized primarily by the loan profile’s high concentration on the ten largest credit risks (112.8% of paid-in capital); together with a moderately high country diversification (48.1% of the financial assets are in Russia). At the same time, ACRA notes the high quality of the loan portfolio. As of July 1, 2018, the share of overdue debt (NPL90+) was 1.4%.

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The risk profile is characterized primarily by the high concentration on the ten largest credit risks (112.8% of paid-in capital); together with a moderately high country diversification (48.1% of the financial assets are in Russia). At the same time, ACRA notes the high quality of the loan portfolio. As of July 1, 2018, the share of overdue debt (NPL90+) was 1.4%.

April 11, 2018

ACRA (JSC) announces changes to the previously published press release on upgrading the credit rating outlook of the Krasnoyarsk Krai (https://www.acra-ratings.com/press-releases/672; https://www.acra-ratings.com/about/news/460).

Changes made

Potential outlook or rating change factors Section

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The Stable outlook assumes that the rating will most likely stay unchanged within the 12 to 18-month horizon.

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The Positive outlook assumes that the credit rating will most likely change within the 12 to 18-month horizon.

April 9, 2018

ACRA (JSC) announces changes to the previously published press release on assigning the credit rating to Deutsche Bank Ltd. (https://www.acra-ratings.com/press-releases/552; https://www.acra-ratings.com/about/news/372).

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First paragraph

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The assigned credit rating reflects high probability of support of Deutsche Bank Ltd. (hereinafter, or the Bank) from its sole participant, Deutsche Bank AG, that has a strong financial profile. The Bank’s standalone creditworthiness assessment at ‘a+’ reflects its adequate capital adequacy as well as adequate risk profile, and funding and liquidity position.

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The assigned credit rating reflects high probability of support of Deutsche Bank Ltd. (hereinafter, or the Bank) from its sole participant, Deutsche Bank AG, that has a strong financial profile. The Bank’s standalone creditworthiness assessment at ‘a+’ reflects its adequate capital adequacy as well as strong risk profile and adequate funding and liquidity position.

Key rating assessment factors Section (heading of paragraph 7)

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ACRA assesses the Bank’s capital adequacy as strong.

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ACRA assesses the Bank’s capital adequacy as adequate.

Key rating assessment factors Section (heading of paragraph 9)

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Risk profile assessment is adequate.

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Risk profile assessment is strong.

March 2, 2018

ACRA (JSC) announces changes to the previously published press release on assigning the credit rating to RU000A0ZYCQ3 bond issued by JSC «RN Bank» (https://www.acra-ratings.com/press-releases/408; https://www.acra-ratings.com/about/news/274).

Changes made

Last paragraph of the Section “Regulatory Disclosure”

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ACRA provided an additional service to JSC «RN Bank» in the form of informational support
(a practical seminar). No conflicts of interest were discovered in the course of credit rating assignment.

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ACRA provided no additional services to JSC «RN Bank». No conflicts of interest were discovered in the course of credit rating assignment.

January 11, 2018

ACRA (JSC) announces changes to the previously published press release on assigning the credit rating to Vnesheconombank (https://www.acra-ratings.com/press-releases/298; https://www.acra-ratings.com/about/news/191).

Changes made

Last paragraph of the Section “Regulatory Disclosure”

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ACRA provided no additional services to Vnesheconombank. No conflicts of interest were discovered in the course of credit rating assignment.

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ACRA provided additional services to Vnesheconombank. No conflicts of interest were discovered in the course of credit rating assignment.

January 11, 2018

ACRA (JSC) announces changes to the previously published press release on assigning the credit rating to RU000A0JXU71 bond issued by Vnesheconombank (https://www.acra-ratings.com/press-releases/299; https://www.acra-ratings.com/about/news/204).

Changes made

Last paragraph of the Section “Regulatory Disclosure”

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ACRA provided no additional services to Vnesheconombank. No conflicts of interest were discovered in the course of credit rating assignment.

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ACRA provided additional services to Vnesheconombank. No conflicts of interest were discovered in the course of credit rating assignment.

January 11, 2018

ACRA (JSC) announces changes to the previously published press release on assigning the credit rating to RU000A0JXU48 bond issued by Vnesheconombank (https://www.acra-ratings.com/press-releases/298; https://www.acra-ratings.com/about/news/203).

Changes made

Last paragraph of the Section “Regulatory Disclosure”

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ACRA provided no additional services to Vnesheconombank. No conflicts of interest were discovered in the course of credit rating assignment.

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ACRA provided additional services to Vnesheconombank. No conflicts of interest were discovered in the course of credit rating assignment.

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