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Press-release (Translation from Russian) RA “Expert-Rating” confirms the rating of bond issues of series A, B and C of the Company ‘AUZ Factoring’ at the level uaBBB- following the results of the 1 half of 2011


27/09/2011

September 27, 2011 Rating agency “Expert-Rating” confirms rating of bond issues of series A, B and C of the company “AUZ Factoring” at the level uaBBB- according to the national scale. When confirming credit rating, the Agency was guided by the results of company activity in the 1 half of 2011. (see table)

When confirming credit rating, the Agency was based on the following conclusions:
1. May 2011, bonds of B Series have been included into the 2nd level of JSC “Ukrainian Stock Exchange” listing. Let’s remind that bonds of A Series have been already included into the 2nd level of listing in October of 2010.
2. The coupon rate on bonds is declined to 20% per annum because of changes in market conditions that corresponds the market trends, which have emerged in Q2 and Q3 of 2011.
3. The Company has managed to considerably diversify its portfolio by attracting new clients and by expanding the list of debtors. The volume of financing provided has constituted UAH 55,5 m, the volume of payments received – UAH 74,9 m. The Company serves 35 clients at 79 debtors.

Analytical department of RA ‘Expert-Rating’

Rating confirmation of “AUZ Factoring” LLC (engl.) - 27.09.2011

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