print
21.09.2007
Credit rating to bond issue by Alyans-Holding 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 UAH24.3m 1-year issue of registered housing bonds (A series) by Simferopol-based Alyans-Holding LLC (`Issuer` or `company`). The company`s principal activity is investment and construction. Today the company constructs a recreational complex in the borough of Tchaika, the Autonomous Republic of Crimea. To revise the rating the agency considered Issuer`s financial statements for 2Q and 1H2007 as well as 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. The plus (+) or minus (-) modifier denotes rating`s relative status within major categories .
In the course of the rating`s revision procedure Credit-Rating took into account that the volume of investments into project rose to UAH16m; the construction readiness of the building made up 41.2%, with four stories of the building built in 2Q2007.
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
