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03.07.2009
Credit-Rating affirms and places on RWL Alyans-Vysotbud LLC`s and Alyans-Zhylstroy LLC`s ratings
Credit-Rating, a nationally recognized credit rating agency in Ukraine has today announced that it affirmed at uaBBB with negative outlook and placed on Rating Watch List the long-term credit rating assigned to housing bonds issued by Odessa-based Alyans-Vysotbud LLC and by Alyans-Zhylbud LLC for the amount of UAH62.3m and UAH119.3m respectively to the companies mentioned.
This rating action was triggered by opacity regarding repayment of loans by the companies under adverse situation in the financial market and deceleration in works at the companies` projects, which are partially financed with the funds raised from the housing bonds.
The removal of the ratings from the Rating Watch List and their further revision is contingent upon timeliness and fullness of companies` meeting its commitments on loans and proceeding of the construction works.
An obligor or a debt liability with uaBBB credit rating is characterized with the SUFFICIENT creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is affected by adverse changes in commercial, financial and economic conditions.
Negative outlook indicates that there is a possibility to downgrade the rating in the course of the year, on condition that negative tendencies are retained and current risks are realized.
The Rating Watch List is intended to inform financial market participants about possible changes of ratings in short-term prospective. The rating placed on RWL denotes that Credit-Rating is currently considering its change as a result of events or ongoing trends, which may negatively affect creditworthiness of a rating`s bearer.
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.ua
Denis Rudenko
DRudenko@credit-rating.ua
