ACRA Agency assigned credit rating to the exchange-traded bonds of PJSC Magnit

MAGNIT PJSC (MGNT) 
ACRA Agency assigned credit rating to the exchange-traded bonds of PJSC Magnit 
 
05-Nov-2019 / 10:46 MSK 
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Press Release | Krasnodar |November 5, 2019 
 
ACRA Agency assigned credit rating to the exchange-traded bonds of PJSC 
"Magnit" 
****************************************************************************** 
** 
 
Krasnodar, Russia (November 5, 2019): PJSC "Magnit"(MOEX and LSE: MGNT) (the 
"Company"), one of Russia's leading retailers, announces the assignment of the 
credit rating by ACRA Agency to the exchange-traded bonds of PJSC "Magnit". 
 
Please note that on November 5, 2019 Analytical Credit Rating Agency ACRA 
(JSC) assigned credit rating AA (RU) to the exchange-traded bonds of PJSC 
"Magnit". 
 
The credit rating of the Company is based on its very strong operating 
profile, very large size, high profitability, and very strong liquidity. The 
rating is constrained by medium coverage and moderate cash flow. 
 
          Type of securities:  Non-convertible interest-bearing 
                                certified exchange-traded bonds 
                                        of PJSC "Magnit" of the 
                                BO-003P-04 series to the bearer 
                                with the obligatory centralized 
                              custody, placed under the Program 
                                of the exchange-traded bonds of 
                                           003P series with the 
                                       identification number of 
                                       4-60525-P-003P-02E as of 
                                        30.01.2018, bonds issue 
                                          identification number 
                                        4B02-04-60525-?-003P as 
                                 29.10.2019, ISIN: RU000A100ZS3 
                                    (the Exchange-traded bonds) 
        Identification number           4B02-04-60525-P-003P of 
assigned to the issue and the                        29.10.2019 
          date of assignment: 
 
The information on the rating assignment methodology by ACRA Agency under the 
national scale for the Russian Federation is available on the website 
https://www.acra-ratings.ru/criteria/381 
 
Other information on the rating is available on the website: 
https://www.acra-ratings.com/press-releases/1498. 
 
For further information, please contact: 
 
Dmitry Kovalenko 
 
Director for Investor Relations 
 
Email: [e-mail] 
 
Office: [phone] 
 
Dina Chistyak 
 
Director for Investor Relations 
 
Email: [e-mail] 
 
Office: [phone] x 15101 
 
Media Inquiries 
 
Media Relations Department 
 
Email: [e-mail] 
 
Note to editors: 
 
     Public Joint Stock Company "Magnit" is one of Russia's leading retailers. 
 Founded in 1994, the company is headquartered in the southern Russian city of 
  Krasnodar. As of September 30, 2019, Magnit operated 38 distribution centres 
    and 20,497 stores (14,507 convenience, 467 supermarkets and 5,523 drogerie 
 stores) in 3,694 cities and towns throughout 7 federal regions of the Russian 
               Federation. 
 
 In accordance with the unaudited IFRS management accounts for 9M 2019, Magnit 
   had revenues of RUB 1,000 billion and an EBITDA of RUB 63 billion. Magnit's 
   local shares are traded on the Moscow Exchange (MOEX: MGNT) and its GDRs on 
the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard 
               & Poor's of BB. 
 
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.:   27144 
EQS News ID:    904471 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

November 05, 2019 02:46 ET (07:46 GMT)