print
30.10.2007
Credit-Rating upgrades Kviza-Trade`s bonds to uaA
Credit-Rating, a nationally recognized credit rating agency in Ukraine has today upgraded to uaA from uaA- (uaA minus) the long-term credit rating assigned to UAH20m 3-year bonds (B series) issued by Kiev-based Kviza-Trade LLC (`Issuer` or `company`). The company operates Velyka Kyshenya supermarket chain. To revise the rating Credit-Rating considered Issuer`s financial statements for 2Q and full 1H2007 as well as other inside information furnished by the company.
An obligor or a debt liability with uaA credit rating is characterized with the HIGH STRONG creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is susceptible to 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 Velyka Kyshenya supermarket chain has rapidly been growing during the past year, in fact there was opened 4 hypermarkets and 10 supermarkets in Ukraine and Moldova, which contributes to rise in Issuer`s performance indicators: the goods turnover rose 13 per cent to UAH1.026bn, the company`s assets grew 79 per cent YTD to UAH1.322bn, the net profit rose 37.9x to UAH4.8m as compared to 1H2006.
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
