CREDIT RATING WITHDRAWAL RATIONALE
ACRA has withdrawn the BBB(RU) credit rating, outlook Stable, of TimeLeasing LLC due to contract expiration. The rating has been withdrawn without its concurrent affirmation.
REGULATORY DISCLOSURE
The credit rating was previously assigned to TimeLeasing LLC under the national scale for the Russian Federation based on the Methodology for Assigning Credit Ratings to Leasing Companies on 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.
The credit rating of TimeLeasing LLC was published by ACRA for the first time on July 7, 2023.
The credit rating was assigned based on data provided by TimeLeasing LLC, information from publicly available sources, and ACRA’s own databases. The rating analysis was performed using the IFRS and RAS financial statements of TimeLeasing LLC. The credit rating was solicited and TimeLeasing 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 no additional services to TimeLeasing LLC. No conflicts of interest were discovered in the course of credit rating assignment.
