Credit ratings

Following the European Union’s decision to ban the provision of rating services to legal entities, organisations and bodies established in Russia, S&P Global Ratings withdrew its credit ratings for a number of Russian companies, including Magnit.

In May 2022, ACRA affirmed its credit rating of Magnit at AA(RU), with a stable outlook, and on Magnit’s bonds at AA(RU). In September 2022, ACRA upgraded its credit rating of Magnit to АA+(RU), with a stable outlook, and of Magnit’s bonds to AA+(RU).