“Expert RA” Has Upgraded the Credit Rating of the Bond-Secured Loan of ROLF 001P-02 Moscow, June 4, 2021. the “Expert RA T
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“Expert RA” has upgraded the credit rating of the bond-secured loan of ROLF 001P-02 Moscow, June 4, 2021. The “Expert RA” rating agency has upgraded the credit rating of the debt instrument of the ROLF Company - the bond-secured loan of 001P-02 series to the ‘ruA’ level. Previously the agency raised the credit rating of the ROLF Company to ‘ruA’ level and changed the forecast type to ‘positive’. Since there are no possible additional adjustments for subordination, security and surety provided for the issue of series 001P-02, “Expert RA” established the parity between the current issuer rating of :ROLF” LLC (‘ruA’, pos.) and the bond-secured loan of 001P-02 series. The Company has placed its 001Р-02 series bonds at the Moscow Exchange in February, 2020. The volume of the issue is 4.5 billion rubles, the coupon rate is 9% per annum, and circulation period of the instrument is 2 years. This issue became the second placement of bonds by ROLF Company at the Moscow Exchange. ROLF Company is the largest car dealer in the Russian Federation. The Company has been in the automotive business since 1991 and this year will celebrate its 30th anniversary. ROLF brand portfolio is represented in both the mass and premium segments. It includes 20 car brands and one motorcycle brand: Audi, BMW, BMW Motorrad, Chrysler, Ford, Genesis, Hyundai, Jaguar, Jeep, KIA, Land Rover, Lexus, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Porsche, Renault, SKODA, Toyota, Volkswagen. The ROLF dealer network includes 59 showrooms in Moscow city and St. Petersburg city. The Company is included into the list of strategic enterprises in Russia. Olesya Zhavoronkova, Chief Financial Officer of ROLF Company: “The upgrade of the rating of the ROLF bond-secured loan is an additional guarantee of reliability of our bonds for the wide range of investors. Today ROLF is the only auto retail company whose bonds are traded at the Moscow Exchange, and we note the high interest in them from both institutional and private investors." .