OREANDA-NEWS. Fitch Ratings has today assigned ROOF Russia S.A.'s Class A, Class B, Class C and Class D term notes final ratings of "A-" (A minus), "BBB", "BB" and "B" respectively.

The transaction is a securitisation of auto loan receivables originated in the Russian Federation (rated "BBB+") by Raiffeisenbank Austria ZAO ("RBA", also the servicer).

RBA has assigned eligible receivables and their security rights to an offshore special-purpose entity incorporated under the laws of Luxembourg.

The term issuance totals USD165,2m and is the first consumer ABS transaction originated by RBA in Russia. The SVFC totals USD227,17m.