On December 6, 2022, the analytical credit Rating Agency assigned VEB to the bond issue.RF (RU000A105JU2) AAA credit rating(RU). This is stated in the agency's message.
Justification of the credit rating. The issue is a senior unsecured debt of the State Development Corporation "VEB.RF" (hereinafter — VEB.RF). Due to the lack of structural and contractual subordination of the issue, ACRA evaluates these bonds as equal in order of execution to other existing and future unsecured and unsubordinated obligations of VEB.RF. According to the ACRA methodology, the credit rating of the issue is equal to the credit rating of VEB.RF — AAA(RU).
Credit rating of VEB.The Russian Federation is at the level of financial obligations of the Government of the Russian Federation, which is due to the very high probability of providing VEB.RF extraordinary government support. VEB's own creditworthiness.The Russian Federation is not a factor affecting its credit rating.
