OREANDA-NEWS. 'Expert RA' rating agency downgraded 'RTC-LEASING' (leasing company) creditworthiness rating to В++. The rating outlook is developing, which means equal probability of maintaining and changing the rating in the mid-term. The Company used to have rating A, with the stable outlook.

The rating downgrading was due to 'RTC-LEASING' OJSC technical default under BO-02 bond issue offer procedure. The developing outlook reflects the uncertainty with the offer procedure outcome. The volume of securities for redemption exceeded the Company's expectations; according to the top management, negotiations with bondholders on liabilities settlement options are underway. Depending on the offer procedure result, the Company rating may be changed.