ACRA ASSIGNS A(RU) TO THE SERIES 001P-01 (RU000A109KT4) BOND ISSUE OF LIMITED LIABILITY COMPANY "MICROFINANCE COMPANY "T-FINANS"

Credit rating rationale. The issue is senior unsecured debt of Limited Liability Company "Microfinance company "T-Finans" (hereinafter, T-Finans or the Company). Due to the absence of either structural or contractual subordination of the issue, ACRA regards it as equal to other existing and future unsecured and unsubordinated debt obligations of the Company in terms of priority. According to ACRA’s methodology, the credit rating of the issue is equal to the credit rating of the Company and is set at A(RU).

The credit rating of T-Finans is based on the very high likelihood of extraordinary support being provided by the sister bank (TBank; ACRA rating AA-(RU), outlook Positive), which has high creditworthiness. The Company’s standalone creditworthiness assessment is adequate (bbb) due to strong assessments of the business profile and capital adequacy, a satisfactory risk profile, and an adequate funding and liquidity position.

KEY ISSUE PROPERTIES

Sources: ACRA, issuer’s data

Regulatory disclosure

The credit rating has been assigned 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 001P-01 (RU000A109KT4) bond issue of Limited Liability Company "Microfinance company "T-Finans" 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 Limited Liability Company "Microfinance company "T-Finans", information from publicly available sources, and ACRA’s own databases. The credit rating is solicited and Limited Liability Company "Microfinance company "T-Finans" 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 no additional services to Limited Liability Company "Microfinance company "T-Finans". No conflicts of interest were discovered in the course of credit rating assignment.