OREANDA-NEWS. National Rating Agency has withdrawn its national scale credit rating on Risland LLC's series 01 bonds (Reg. No. 4-01-36429-R, ISIN: RU000A0JUDW1) due to the client's decision to stop participating in the rating process. NRA's first-time credit rating was assigned to Risland LLC's series 01 bonds on Jan. 20, 2014, affirmed on Aug. 28, 2014 and lowered on June 26, 2015.

Risland LLC was established in Moscow in April 2010. The issue of its Series 01 bonds was registered by the Central Bank of Russia on Dec. 26, 2013. The 9.25 percent annual coupon bonds (with coupon payable at 182-day periods) mature on Oct. 1, 2019. On Mar. 4, 2014 the bonds were included in the Moscow Exchange's “A” quotation list, but were taken off it and transferred to list “B” on July 3, 2015.

The issuer's website for essential information disclosure: risland.msk.ru

Risland LLC owners provide non-public guarantees for both the principal and interest to be repaid as a credit enhancement tool. The owners have both financial capabilities and capacity Their credit history and business standing atr both favourable. In addition, the bonds are guaranteed by the Cyprus-based LONTRESSA TRADING LTD (LTL). This guarantor has undertaken to provide for the payment the bond par value, but not for the coupon payments. LTL specializes in investment management and financial services. Its own equity and assets total US$ 200.7 and US$ 322 million respectively. The external support is one of the major rating strengths for this bond issue.

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While NRA has obtained information from sources it believes to be reliable, NRA does not guarantee that this information is perfectly correct, complete and accurate, as it does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.