RAEX affirms Megapolis at A, withdraws rating

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Russian rating agency RAEX (Expert RA) has affirmed Megapolis's credit rating at A (high creditworthiness), and withdrew the rating as it expired.

Before withdrawing the rating its Sublevel 3 was kept intact, and the rating outlook was negative. official said. The official added that this measure would enable manufacturers to take advantage of relatively low costs and compete in foreign markets.