Ru En

Moody’s Assigns a Final B1 Rating to Acron’s Bond Programme

 Moody's Investors Service assigned a final B1 senior unsecured rating and LGD 4 recovery rate to Acron’s RUB 7.5 bn bond programme (series 04 and 05). Both bond issues have a 10-year maturity. The first coupon rate was set at 7.95% per annum.

Acron’s series 04 and 05 bonds were placed on May 31, 2011 at MICEX. The Moody’s final rating is the same as the provisional rating assigned on May 26, 2011. Earlier, Fitch Ratings assigned to Acron’s bond programme (series 04 and 05) a B+ senior unsecured rating.