print
18.09.2007
Credit rating to bond issue by Malvy-Market LLC upgraded to uaB
Credit-Rating, a nationally-recognized credit rating agency in Ukraine has today upgraded to uaB from uaCCC the long-term credit rating assigned to UAH5.7m 2-year issue of registered zero-coupon bonds (A, B series) by Lviv-based Malvy-Market LLC. Credit-Rating has also revised to Stable from Positive the outlook on the rating. The company`s principal activity is wholesale trade, as well as investment and construction. To revise the rating the agency considered Issuer`s financial statements for 2Q and 1H2007, and other inside information furnished by the company.
An obligor or a debt liability with uaB credit rating is characterized with the LOW creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is extremely susceptible to adverse changes in commercial, financial and economic conditions.
Stable outlook indicates that there are no anticipated reasons to change rating in the course of the year. This is outlook by default.
In course of the rating`s revision procedure Credit-Rating took into account the fact that the Issuer adheres to the schedule of conducting the construction works, with the construction readiness of the building in 20, Simonenka str., the city of Zhidachev making up a.55% as of Aug. 1, 2007.
Information on all credit ratings assigned in accordance with the Ukrainian national scale may be found in REUTERS, BLOOMBERG and FTN MONITOR information systems.
For further information, please contact:
Information and analytic department
Sergey Rozumyak +38 044 490 25 50
SRozumyak@credit-rating.com.ua
