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
|
Borrower |
Simple solutions Leasing company LLC |
|
Issuer’s credit rating |
BBB+(RU), outlook Stable |
|
Actual issuer |
Simple solutions Leasing company LLC |
|
Type of security |
Uncertificated exchange-traded |
|
Type of debt |
Senior unsecured |
|
Issue volume |
USD 20 mln |
|
ISIN |
RU000A10DJY3 |
|
Registration number |
4B02-01-00371-R-003P |
|
Placement start date |
November 24, 2025 |
|
Maturity date |
June 28, 2028 |
Sources: ACRA, issuer’s data
REGULATORY DISCLOSURE
The credit rating has been assigned to the bond issue of Simple solutions Leasing company LLC based on the following methodologies: the Methodology for Assigning Credit Ratings to Financial Instruments under the National Scale for the Russian Federation to determine the credit rating of the bond issue 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 to ensure consistent and uniform application of ACRA’s methodologies, models, and key rating assumptions.
A credit rating of the bond issue (RU000A10DJY3) under the national scale for the Russian Federation has been published for the first time.
The credit rating is expected to be revised within one year.
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 rating analysis was performed using the IFRS accounting (financial) statements of Simple solutions Leasing company LLC as of June 30, 2025.
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 no additional services to Simple solutions Leasing company LLC during the year preceding the rating action.
No conflicts of interest were discovered in the course of credit rating assignment.