print
20.09.2007
Credit rating to bond issue by Dneprovskiy Krug upgraded to uaBB
Credit-Rating, a nationally-recognized credit rating agency in Ukraine has today upgraded to uaBB from uaBB- (uaBB minus) the long-term credit rating assigned to UAH27.1m 2 Ѕ-year issue of registered housing bonds (A series) by Kiev-based Dneprovskiy Krug (`Issuer` or `company`). The company`s principal activity is investment and construction. Today the company implements construction projects in the cities of Kiev, Boyarka, Cherkassy, and in Kiev Oblast.
An obligor or a debt liability with uaBB credit rating is characterized with the LOWER THAN SUFFICIENT creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is strongly affected by adverse changes in commercial, financial and economic conditions.
In the course of the rating`s revision procedure Credit-Rating took into account the fact that the Issuer has increased the volume of investments to UAH99.3m, which is 70% of the project value in 51, Belogorodskaya str. Boyarka.
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
