ACRA ASSIGNS BBB+(RU) TO THE SERIES 002P-03 (RU000A10CJ92) BOND ISSUE OF SIMPLE SOLUTIONS LEASING COMPANY LLC

Credit rating rationale.The issue represents senior unsecured debt of Simple solutions Leasing company LLC  (hereinafter, 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 recovery rate for unsecured debt corresponds to category II, and therefore the credit rating of the issue is equivalent to that of the Company — BBB+(RU).

The credit rating of the Company is based on the satisfactory assessments of the business profile, capital adequacy and liquidity, the strong assessment of funding, and the adequate risk profile assessment.

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 002P-03 (RU000A10CJ92) bond issue of Simple solutions Leasing company 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 Simple solutions Leasing company LLC, information from publicly available sources, and ACRA’s own databases. The credit rating is solicited and Simple solutions Leasing company 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 Simple solutions Leasing company LLC. No conflicts of interest were discovered in the course of credit rating assignment.