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21.01.2008
Credit-Rating downgrades Vitaminy’s bonds to uaCC
Credit-Rating, a nationally recognized credit rating agency in Ukraine has today downgraded and suspended the long-term credit rating assigned to UAH5m 5-year registered coupon bonds (A series) issued by Cherkassy Oblast-based Vitaminy OJSC (Issuer or company) to uaCC from uaCCC.
An obligor or a debt liability with uaCC credit rating is characterised with the VERY HIGH DEFAULT POSSIBILITY.
In the course of the ratings revision procedure Credit-Rating took into account the fact that the situation at the company has been further aggravating: the Issuer has not met its commitments in fact it failed to make coupon payments on A series coupon bonds of UAH5m, which were to take place on November 21-23, 2007.
Information on all credit ratings assigned in accordance with the National Rating 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
