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12.03.2008

Credit-Rating to rate Grani LLC

Credit-Rating, a nationally recognized credit rating agency in Ukraine has today announced that it will assign a long-term credit rating to UAH59.4m 2-year housing bonds to be issued by Odessa-based Grani LLC (`Issuer` or `company`). The company`s principal activity is investing and construction. In the course of analysis Credit-Rating will consider Issuer`s financial statements and its other information.

A credit rating assigned to a debt obligation indicates company`s capacity to timely and in full meet its commitments on the obligation. In the view of a rating`s level, investors may assess investment risks associated with the purchase of Issuer`s bonds.

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 Communication Department
Sergey Rozumyak +38 044 490 25 50
SRozumyak@credit-rating.com.ua

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