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Press Release | Krasnodar |March 5, 2020
ACRA Agency assigned credit rating to the exchange-traded bonds of PJSC "Magnit"
Krasnodar, Russia (March 5, 2020): 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 March 5, 2020 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 uncertified exchange-traded bonds of PJSC Magnit of the BO-002P-01 series with centralized accounting of rights, placed under the Program of the exchange-traded bonds of 002P series with the identification number of 4-60525-P-002P-02E as of 27.07.2016 (hereinafter - the Exchange-traded bonds), ISIN RU000A101HJ8
Registration number assigned to the issue and the date of assignment:
4B02-01-60525-P-002P as of 04.03.2020
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/1703
For further information, please contact:
Director for Investor Relations
Office: +7 (861) 210-48-80
Director for Investor Relations
Office: +7 (861) 210-9810 x 15101
Media Relations Department
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 December 31, 2019, Magnit operated 38 distribution centres and 20,725 stores (14,622 convenience, 473 supermarkets and 5,630 drogerie stores) in 3,742 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for FY 2019, Magnit had revenues of RUB 1,369 billion and an EBITDA of RUB 83 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.