Credit rating withdrawal rationale
The withdrawal of the credit rating of series BО-001R-02 bond issued by JSC «RN Bank» (RU000A0ZYCQ3) is due to the full redemption of the bond on October 14, 2020. Before the withdrawal, a credit rating was affirmed to the bond on par with the credit rating of JSC «RN Bank» — AAA(RU). The rating has been withdrawn without its concurrent affirmation.
The credit rating was assigned to RU000A0ZYCQ3 bond issued by JSC «RN Bank» 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.
The credit rating of RU000A0ZYCQ3 bond issued by JSC «RN Bank» was published by ACRA for the first time on October 12, 2017.
The credit rating was assigned based on the data provided by JSC «RN Bank», information from publicly available sources, as well as ACRA’s own databases. The credit rating is solicited, and JSC «RN Bank» participated in its assignment.
No material discrepancies between the provided data and the data officially disclosed by JSC «RN Bank» in its financial statements have been discovered.
ACRA provided no additional services to JSC «RN Bank». No conflicts of interest were discovered in the course of credit rating assignment.
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