ACRA withdraws the credit ratings of Expobank LLC and its bond issue due to contract expiration

ACRA has withdrawn the credit ratings of BBB+(RU), outlook Positive, previously assigned to Expobank LLC and its bond issue (ISIN RU000A100YT4) due to contract expiration. The ratings have been withdrawn without their concurrent affirmation, as ACRA does not possess enough information to update the ratings.

Regulatory disclosure

The credit ratings of Expobank LLC and its bond issue (RU000A100YT4) were previously assigned under the national scale for the Russian Federation based on the Methodology for Credit Ratings Assignment to Banks and Bank Groups 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. The Methodology for Assigning Credit Ratings to Individual Issues of Financial Instruments under the National Scale of the Russian Federation was also used in assigning a credit rating to the above bond issue.

The credit ratings of Expobank LLC and its bond issue (RU000A100YT4) were first published by ACRA on March 3, 2017, and October 24, 2019, respectively.

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

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