ACRA withdraws credit rating on the Ivanovo Region

ACRA has withdrawn its credit rating BB-(RU), outlook Positive, on the Ivanovo Region. The rating has been withdrawn as the Government of the Ivanovo Region has chosen to stop participating in the rating process. The rating has been withdrawn without prior affirmation, as ACRA has no sufficient information on the financial status of the Ivanovo Region.

Regulatory disclosure

The credit rating was assigned to the Ivanovo Region under the national scale for the Russian Federation based on the Methodology for Credit Ratings Assignment to Regional and Municipal Authorities 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 the Ivanovo Region was first published by ACRA on September 01, 2017. The credit rating was withdrawn on May 22, 2018.

ACRA provided no additional services to the Government of the Ivanovo Region. No conflicts of interest were discovered in the course of credit rating process.

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