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25.03.2008
Credit-Rating assigns Arkada-Fund Mortgage Company`s bond issues uaA
Credit-Rating, a nationally recognized credit rating agency in Ukraine has today announced that it assigned a long-term credit rating of uaA to closed issues of registered coupon bonds (series U and V) by Kiev-based Arkada-Fund Mortgage Company LLC (`Issuer` or `company`). The sizes of the issues are UAH80m and UAH40m respectively to the series specified, due Jun. 25, 2010. In the course of analysis Credit-Rating considered Issuer`s financial statements for 2002-2006 and 9M2007 as well as its other inside information.
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.
Factors maintaining the credit rating
- Cooperation between Arkada JSCB (which carries `uaA` national scale rating) and the Issuer, which empowers the latter to attract necessary amounts of funds in exchange to the loans bought out.
Factors constraining the credit rating
- Issuer`s extreme dependency upon Arkada JSCB`s performance.
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
