MGNT.L Regulatory News (MGNT)

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

Krasnodar, Russia (June 2, 2021): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), 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 June 2, 2021 ACRA (Analytical Credit Rating Agency (Joint Stock Company) 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, medium leverage, and medium cash flow.

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/255