print 03.09.2007

Credit-Rating's news on ratings assigned in August 2007

Credit-Rating`s news on ratings

August 2007

August saw 31 ratings assigned by Credit-Rating; the agency upgraded 27 corporate ratings, revised outlooks on 7 ratings, suspended 2 ratings, and withdrew 2 ratings.

 

ISSUER RATINGS

Municipalities

August 29.      Long-term credit rating to the city of Donetsk upgraded from uaA- to uaA with Positive outlook.

Financial institutions

August 03.      Kiev-based FINANCIAL INITIATIVE Commercial Bank LLC assigned long-term investment-grade rating of uаВBВ.

August 08.      Lvov CJSB assigned long-term investment-grade rating of uаВBВ.

August 09.      Kiev-based Cambio Universal Commercial Bank assigned long-term investment-grade rating of uаВBВ-.

August 10.      Kiev-based Kyivska Rus Bank assigned long-term investment-grade rating of uаВBВ.

August 23.      Long-term credit rating to the Kiev-based Ukrgasbank JSCB upgraded to uaA from uaA-.

 

ISSUE RATINGS

Municipalities

August 29.      Long-term credit rating to UAH 50m 5-year bond issue by Donetsk upgraded from uaA- to uaA with Positive outlook.

Corporate

August 01.      UAH 43m 2.5 year issue of registered housing bonds (A-D series) by the Nikolaev-based PRIVAT-ZHYTLO-YUG LLC assigned uaB+ long-term speculative-grade rating.

August 02.      UAH 63.1m 1 year issue of registered housing bonds (A-J series) by the Odessa-based Real-Invest LLC assigned uaBB long-term speculative-grade rating.

August 02.      Long-term rating to UAH55m 2 year issue of registered housing bonds (A series) by the Odessa-based Ekop-Yug LLC upgraded to uaCCC from uaCCC-.

August 03.      Long-term rating to UAH25m 9 year issue of registered discount bonds (A series) by the Dnepropetrovsk-based K&FD LLC upgraded to uaBB from uaB.

August 06.      UAH 51m 9 year issue of registered discount bonds (K2 series) by the Kharkov-based Trest Zhytlobud-1 assigned uaBBB long-term investment-grade rating with Positive outlook.

August 06.      UAH 83.1m 2 year issue of registered housing bonds (D-G series) by the Kiev-based Akvapark LLC assigned uaB long-term speculative-grade rating.

August 07.      Upcoming UAH 25m 3 year issue of registered interest bonds (A series) by the Lvov-based Meest Express LLC assigned uaBB+ long-term speculative-grade rating.

August 07.      Upcoming UAH 12.7m 3 year issue of registered housing bonds (A-D series) by the Kharkov-based Agrotrade LLC assigned uaBB long-term speculative-grade rating.

August 08.      Upcoming USD 5m 2 year issue of registered interest bonds (B series) by the Donetsk Oblast-based Yasinovatskiy Machine Building Plant OJSC assigned uaBBB+ long-term investment-grade rating.

August 09.      Outlook on uaBBB- long-term investment-grade rating to UAH 20m 3 year issue of registered interest bonds (A and B series) by the Donetsk Oblast-based Regional Pharmacy Holding Company LLC revised from Negative to Stable.

August 10.      Upcoming UAH 25m 3 year issue of registered interest bonds (B series) by the Lvov Oblast-Based Drogobych Rock Bit Plant OJSC assigned uaBBB long-term investment-grade rating.

August 13.      UAH 98.6m 1.5 year issue of registered housing bonds (A-E series) by the Kiev-based NIKA LLC assigned uaB- long-term speculative-grade rating.

August 14.      UAH 34.5m 1 year issue of registered housing bonds (A-D series) by the Kiev-based R-Kvadrat Ukraine Delta LLC assigned uaBBB long-term investment-grade rating.

August 14.      UAH 19.3m 2.5 year issue of registered housing bonds (A,B series) by the Zhitomir-based Zhitomir-Privatbud LLC assigned uaB+ long-term speculative-grade rating.

August 15.      Upcoming UAH 200m 5 year issue (A series) and 4 year issue (B series) of registered interest bonds (A, B series) by the Kiev-based VVS-LTD LLC assigned uaBBB long-term investment-grade rating.

August 15.      Outlook on uaCCC long-term speculative-grade rating to UAH 32.5m 2.5 year issue of registered housing bonds (A series) by the Lvov-based LVB LLC revised from Stable to Positive.

August 16.      Upcoming UAH 13.5m 1.5 year issue of registered housing bonds (A series) by the Kharkov-based Scientific and Technological Complex OJSC assigned uaBBB- long-term investment-grade rating.

August 16.      UAH 24.3m 10 year issue of registered interest bonds (C series) by the Odessa-based BASTMA Brokerage Firm LLC assigned uaB- long-term speculative-grade rating.

August 17.      UAH 35.4m 1.5 year issue of registered housing bonds (AZ, A1, A2 series) by the Vinnitsa-based Podillya-bud Construction Private Company assigned uaB+ long-term speculative-grade rating.

August 17.      Rating to UAH 10m 3 year issue of registered interest bonds (B, C series) by the Kiev-based Unigran LLC upgraded to uaBBB from uaBBB-.

August 20.      Upcoming UAH 33.5m 2 year issue of registered housing bonds (A series) by the Donetsk-based Strim LLC assigned uaB+ long-term speculative-grade rating.

August 20.      Rating to UAH 54m 3 year issue of registered housing bonds (A-C series) by the Kiev-based Megapolis-DSK LLC upgraded to uaB- from uaCCC.

August 21.      UAH 45m 5 year issue of registered discount bonds (A series) by the Sumy-based ARKH-BUD-INVEST LLC assigned uaCC long-term speculative-grade rating.

August 21.      Rating to UAH 21.6m 3 year issue of registered housing bonds (A, B series) by the Simferopol-based Nord-Service-Shipping LLC upgraded to uaB+ from uaB-.

August 22.      Upcoming UAH 71.4m 8 year issue of registered housing bonds (A-D series) by the Chernovtsy-based Western Automobile Company LLC assigned uaB- long-term speculative-grade rating.

August 22.      Outlook on uaB- long-term speculative-grade rating to UAH 17.6m 2 year issue of registered housing bonds (A series) by the Poltava-based SVF KOLO LLC revised from Stable to Positive.

August 23.      Outlook on uaCCC long-term speculative-grade rating to UAH 38.4m 3 year issue of registered housing bonds (A-J series) by the Odessa-based Energosistema LLC revised from Stable to Positive.

August 23.      Outlook on uaCCC long-term speculative-grade rating to UAH 17.5m 3 year issue of registered housing bonds (K-P series) by the Odessa-based Energosistema LLC revised from Stable to Positive.

August 27.      Upcoming UAH 16.5m 3 year issue of registered housing bonds (A series) by the Simferopol-based Vladobor LLC assigned uaCCC long-term speculative-grade rating.

August 28.      UAH 65m 9 year issue of registered interest bonds (A series) by the Kiev Oblast-based Brovar Ltd LLC assigned uaCCC long-term speculative-grade rating.

August 28.      Long-term rating to UAH 30m 2.5 year issue of registered housing bonds (A-W series) by the Yalta-based Avtokom LLC upgraded to uaB+ from uaB-.

August 29.      Long-term rating to UAH 100.3m issue of registered housing bonds (A-N series) with original maturity from 2 to 4.5 years by the Kiev Oblast-based Regional Construction Investments LLC upgraded to uaB from uaCCC.

August 30.      UAH 15.5m 2 year issue of housing bonds (A series) by the Kiev-based 135 Integrated House-Building Factory Subsidiary of Renome LLC assigned uaB+ long-term speculative-grade rating.

August 30.      Long-term rating to UAH 19.3m 1.5 year issue of registered housing bonds (A-K series) by the Nikolaev-based Construction Ltd LLC upgraded to uaBB from uaB.

August 31.      Long-term rating to UAH 16.5m 1.5 year issue of registered housing bonds (A, B series) by the Chernigov-based Chernigov-Prospect LLC upgraded to uaB+ from uaB-.

August 31.      Upcoming UAH 50m 5 year issue of registered discount bonds (B series) by the Kiev-based BnC LLC assigned uaCCC long-term speculative-grade rating.

Financial institutions

August 03.      UAH 50m 5 year issue of registered interest bonds by the Kiev-based FINANCIAL INITIATIVE Commercial Bank LLC assigned uaBBB long-term investment-grade rating.

August 08.      Upcoming UAH 47m 2 year issue of registered interest bonds (A series) by the Lvov-based Lvov CJSB assigned uaBBB long-term investment-grade rating.

August 13.      UAH 28.7m 1 year issue of certificates of the Real Estate Operations Fund (A series) operated by the Kiev-based Arkada JSCB assigned uaK2 short-term investment-grade rating.

August 23.      Upcoming UAH 200m 5 year issue of registered interest bonds (D, E series) by the Kiev-based Ukrgasbank OJSB assigned uaA long-term investment-grade rating.

August 23.      Long-term rating to UAH 100m 5 year issue of registered interest bonds (A series) by the Kiev-based Ukrgasbank OJSB upgraded to uaA from uaA-.

August 27.      Long-term rating to UAH 50m 3 year issue of registered mortgage bonds (B series) by the Kiev-based Ukrgasbank OJSB upgraded to uaAA- from uaA+.

Credit-Rating Agency has operated on the Ukrainian market since 2001 being committed to assignment of the national scale ratings . The agency has assigned 625 ratings since establishment to date, specifically to 496 Ukrainian companies, 103 financial institutions and 26 municipalities.

As of September 1, 2007, Credit-Rating Agency maintains a monitoring of 528 ratings, in fact 414 in corporate, 95 in financial and 19 in municipal sectors.

For further information, please contact:
Information and Analytic Department
Sergey Rozumyak +38 044 490 25 50
SRozumyak@credit-rating.com.ua