Also, the rating agency ACRA assigned a similarly high rating to the company's bond issues.

According to ACRA, the company's credit rating is based on its very strong geographical diversification, liquidity and business portfolio. With a high probability, the Stable outlook implies the rating to remain unchanged over the 12-18 months. Given that the bond issues are senior unsecured debt, and according to the methodology the level of recovery on unsecured debt falls into Category I, ACRA set the issuance credit rating at the level of the company's credit rating – A(RU).

It should be noted that the credit ratings of the company and its bond issues were assigned on a national scale for the Russian Federation based on the Methodology for assigning credit ratings to non-financial companies on a national scale for the Russian Federation, as well as the Basic Concepts used by the Analytical Credit Rating Agency in rating activities. The Methodology for assigning credit ratings to financial instruments on a national scale for the Russian Federation was also used in assigning credit ratings.

ACRA (Rating Agency) was incorporated in 2015. The main objective is to provide financial market participants with high-quality rating and analytical products.