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11.09.2008
Credit-Rating assigns Zolote Pole OJSC`s upcoming bond issue uaCCC
Credit-Rating, a nationally recognized credit rating agency in Ukraine has today announced that it assigned a long-term credit rating of uaCCC to registered coupon bonds (series A, B) to be issued by Crimea-based Zolote Pole OJSC (`issuer` or `company`). The amount of the issue is to be UAH20m, due Dec. 31, 2010. The company`s principal activity is gardening and wine-making. In the course of analysis Credit-Rating considered issuer`s financial statements for 2003-2007 and 1H2008 as well as its other inside information.
An obligor or a debt liability with uaCCC credit rating is characterized with the VERY LOW creditworthiness as compared to other Ukrainian obligors or debt liabilities. There is a default possibility.
Factors maintaining the credit rating
- The issuer operates production facilities, which empowers it to ripe simultaneously up to 350K decalitres of wine materials.
Factors constraining the credit rating
- The issuer has not conducted any financial and economic activities over the past 2 years.
- Issuer`s vulnerability to changes in the state policy affecting agricultural sector, and to factors of seasonality.
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
