S&P Global Ratings withdrew Magnit's credit rating
MAGNIT PJSC (MGNT)
S&P Global Ratings withdrew MAGNIT'S CREDIT RATING
Krasnodar, Russia (April 4, 2022): Magnit PJSC (MOEX and LSE: MGNT; the Company), one of Russia's leading retailers, announces the downgrade of its rating to "CC" level by S&P Global Ratings after a similar action on sovereign and the subsequent withdrawal of the rating. On April 1, 2022 S&P Global Ratings downgraded the long-term credit rating of PJSC Magnit from "CCC-", Negative outlook to "CC", Negative outlook, the same level as the foreign currency sovereign rating on Russia. Subsequently S&P withdrew the credit ratings of Russian companies, including PJSC Magnit, following the decision of the European Union to ban the provision of credit ratings to legal persons, entities, and bodies established in Russia.
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ISIN: | US55953Q2021 |
Category Code: | MSCU |
TIDM: | MGNT |
LEI Code: | 2534009KKPTVL99W2Y12 |
OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
Sequence No.: | 153521 |
EQS News ID: | 1319825 |
End of Announcement | EQS News Service |
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