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20.12.2007
Credit-Rating upgrades Zhytlo Kyianam`s bonds to uaB+
Credit-Rating, a nationally recognized credit rating agency in Ukraine has today upgraded to uaB+ from uaB the long-term credit rating assigned to UAH46.1m 1 ½-year registered housing bonds (E-I series) issued by Kiev-based Zhytlo Kyianam LLC (`Issuer` or `company`). The outlook on the rating is Stable. The company`s primary activity is investing and construction. Today the company as a customer and investor constructs a residential complex in the city of Kiev. To revise the rating the agency considered Issuer`s financial statements for 3Q and full 9M2007 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.
`Stable` outlook indicates that there are no anticipated reasons to change the rating in the course of the year.
In the course of the rating`s revision procedure Credit-Rating took into account that the Issuer has delivered the 1st stage of the residential complex, situated between Bazhana Av. and Zavalna str. in Kiev`s Darnitsa district.
Information on all credit ratings assigned in accordance with the National Scale may be found in REUTERS and BLOOMBERG information systems.
For more information, please contact:
Information and analytic department
Sergey Rozumyak +38 044 490 25 50
SRozumyak@credit-rating.com.ua
