Credit-Rating’s rating actions in January 2008
January saw 37 ratings assigned by Credit-Rating, 11 ratings were upgraded, 1 rating was downgraded, outlooks on 16 ratings were revised, 10 ratings were suspended, and 1 rating was placed on Rating Watch List.
ISSUER RATINGS
Municipalities
Jan. 1 City of Rubizhne has been assigned a long-term speculative grade rating of uaBB with Stable outlook.
Financial sector
Jan. 11 Kiev-based SEB Bank OJSC has been assigned a long-term investment grade rating of uaAA-.
Jan. 14 Donetsk-based PIVDENKOMBANK Commercial Bank OJSC has been assigned a long-term investment grade rating of uaBBB-.
Jan. 18 Kiev-based Bank Petrocommerce-Ukraine CJSC has been assigned a long-term investment grade rating of uaA-.
Corporate sector
Jan. 17 Credit-Rating upgraded to uaA+ from uaA the long-term rating assigned to Concern Galnaftogaz OJSC.
Jan. 21 Kiev-based Kyivmiskbud-1 CJSC has been assigned a long-term investment grade rating of uaA+.
ISSUE RATINGS
Corporate sector
Jan. 9 Boryspil-based TIARA LLC: a long-term speculative-grade rating of uaBB has been assigned to issues of registered housing bonds (B and C series) for UAH26m and UAH21m respectively with 3-year original maturity.
Jan. 10 Dnepropetrovsk-based AGRA CJSC: a long-term investment grade rating of uaBBB+ has been assigned to upcoming UAH113.6m 7-year registered housing bonds (A-X series).
Jan. 10 Vinnitsa-based Concern Podillya: a long-term speculative grade rating of uaBB- has been assigned to upcoming UAH15m 3-year registered coupon bonds (A series).
Jan. 15 Kiev-based LIKO-HOLDING LLC: a long-term investment grade rating of uaBBB+ has been assigned to UAH547.4m 3-year registered housing bonds (T-AC series).
Jan. 17 Lviv-based Concern Galnaftogaz OJSC: a long-term rating assigned to UAH90m 3-year registered coupon bonds (D-F series) has been upgraded to uaA+ from uaA with the outlook on the rating revised to Stable.
Jan. 21 Cherkassy Oblast-based Vitaminy OJSC: a long-term rating assigned to UAH5m 5-year registered coupon bonds (A series) has been downgraded to uaCC from uaCCC and suspended.
Jan. 23 Kiev-based Trustbud LLC: a long-term speculative grade rating of uaCCC+ has been assigned to UAH111.6m 3-year registered housing bonds (A-Y1 series).
Jan. 24 Odessa-based Zhylstroy-Invest-K LLC: a long-term speculative-grade rating of uaB has been assigned to upcoming UAH140.4m 3-year registered housing bonds (B-D series).
Jan. 25 Odessa-based Istok-2001 LLC: a long-term speculative grade rating of uaBB has been assigned to UAH58.8m 4-year registered discount bonds (D series).
Jan. 28 Kharkiv-based MKS LLC: a long-term speculative grade rating of uaBB has been assigned to upcoming UAH50m 5-year registered coupon bonds (B series).
Jan. 30 Chernihiv-based Soyuz-Lider PV: a long-term speculative grade rating of uaBB has been assigned to UAH50m 3-year registered coupon bonds (A series).
Jan. 31 Kiev-based Agrofirma Troyanda OJSC: a long-term speculative grade rating of uaB has been assigned to upcoming UAH129.1m 2-year registered housing bonds (A-D series).
Financial sector
Jan. 8 Lviv-based Selyanskyi Commercial Bank Dnister OJSC: a long-term investment grade rating of uaBBB has been assigned to upcoming UAH40m 5-year coupon bonds (G series).
Jan. 14 Donetsk-based PIVDENKOMBANK Commercial Bank OJSC: a long-term investment grade rating of uaBBB- has been assigned to UAH40m 3-year coupon bonds (A series).
Jan. 16 Kharkiv-based Megabank OJSC: a long-term investment grade rating of uaA- has been assigned to UAH200m 3-year coupon bonds (E-F series).
Jan. 22 Lugansk-base Eastern-Industrial Commercial Bank LLC: a long-term speculative grade rating of uaBB+ has been assigned to upcoming UAH10m 5-year coupon bonds (E and F series).
Jan. 29 Kiev-based Brokbiznesbank JSB: a long-term investment grade rating of uaA+ has been assigned to upcoming UAH600m 5-year registered coupon bonds (A-C series).
Credit-Rating agency has operated in the Ukrainian market since 2001 being committed to assignment of the national scale ratings . The agency has assigned 755 ratings, specifically to 575 Ukrainian companies, 140 financial institutions and 40 municipalities, and 1 corporate governance rating.
As of February 01, 2008 Credit-Rating maintains monitoring of 660 ratings, in fact 495 of corporate, 132 of financial and 33 of municipal sectors.