NRA: Credit Rating Of Risland LLC's Series 01 Bonds Withdrawn
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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