OREANDA-NEWS. National Rating Agency has withdrawn its financial reliability rating on Sozidanie AM (Russian Cyrillic: УК «Созидание») СJSC due to expiry of the contract. The withdrawn rating has not been affirmed, as NRA has not, over the past 90 days, been provided sufficient information, needed to apply its methodology in accordance with Article 12, Clause 5, of Federal Law # 222-FZ ‘On the Activities of Credit Rating Agencies in the RF’ and adequately assess all factors and events impacting the company’s risk profile. In addition, Sozidanie AM is planning to discontinue its core business operations. The company was assigned NRA’s first-time reliability rating of ‘AA-’ on May 30, 2014. The latest rating action (the rating downgrade to ‘BBB+’ and placement on Watchlist/ Indefinite) was on Apr. 25, 2015.

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