ACRA ASSIGNS BBB-(RU) TO THE SERIES 002P-04 (RU000A106CR1) AND SERIES 002P-05 (RU000A108VM8) BONDS OF RED SOFT LLC

Credit rating rationale. The issues listed below represent senior unsecured debt of RED SOFT LLC (hereinafter, RED SOFT, or the Company). Due to the absence of either structural or contractual subordination of the issues, ACRA ranks them as pari passu with other existing and future unsecured and unsubordinated debt obligations of the Company. In accordance with ACRA’s methodology, the recovery rate under the unsecured debt belongs to category I, so that the credit rating of the issues is set to BBB-(RU), i.e. on par with the credit rating of the Company.

The Company’s credit rating is based on the medium assessment of the operational risk profile, high profitability, and low leverage, while liquidity and cash flow metrics constrain the rating.

RED SOFT is a Russian developer of infrastructure software, a resident of Skolkovo, and a member of the RSPA and RUSSOFT. The Company provides various data storage and management services based on proprietary solutions. The Company’s product portfolio includes RED OS, Red Database DBMS, Red Platform, Red Gateway, etc. These products are all included in the Unified Register of Russian Software and Databases authorized for use by government agencies.

KEY ISSUE PROPERTIES

1) ISIN RU000A106CR1

2)    ISIN RU000A108VM8

Source: ACRA, issuer’s data

regulatory disclosure

The credit rating has been assigned to the series 002P-04 (RU000A106CR1) and 002P-05 (RU000A108VM8) bond issues of RED SOFT LLC under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Financial Instruments under the National Scale for the Russian Federation and the Key Concepts Used by the Analytical Credit Rating Agency within the Scope of Its Rating Activities.

A credit rating has been assigned to the series 002P-04 (RU000A106CR1) and 002P-05 (RU000A108VM8) bond issues of RED SOFT LLC for the first time. The credit rating is expected to be revised within one year following the publication date of this press release.

The credit rating was assigned based on data provided by RED SOFT LLC, information from publicly available sources, and ACRA’s own databases. The credit rating is solicited and RED SOFT LLC participated in its assignment.

In assigning the credit rating, ACRA used only information, the quality and reliability of which were, in ACRA’s opinion, appropriate and sufficient to apply the methodologies.

ACRA provided additional services to RED SOFT LLC. No conflicts of interest were discovered in the course of credit rating assignment.