Credit-Rating’s rating actions in August 2009
August saw 2 ratings assigned by Credit-Rating, 3 ratings have been downgraded, outlooks on 7 ratings have been revised 4 ratings have been suspended and 87 ratings have been withdrawn.
BANK DEPOSIT RATINGS
August 28 Ukrgasbank JSB (Kiev): the bank’s BRD has been affirmed at ‘4’ (high strength)
COUNTERPARTY RATINGS
Corporate sector
August 5 Globyno Meat-Packing Plant LLC (Poltava Oblast): the company’s long-term credit rating has been upgraded to uaBBB from uaBBB-. The outlook on the rating has been revised to positive.
August 13 Kyiv Aircraft-Manufacturing Plant AVIANT SC (Kiev): a long-term credit rating of uaCCC (provisional) has been assigned to the company.
August 18 VESTA-Dnepr CJSC (Dnepropetrovsk): the company’s long-term credit rating has been affirmed at uaBBB-. The outlook on the rating has been changed to negative from stable.
Financial sector
August 28 Ukrgasbank JSB (Kiev): the bank’s long-term credit rating has been affirmed at uaBBB with negative outlook. The rating remains on Rating Watch List.
ISSUE RATINGS
Corporate sector
August 4 Asol PMF (Odessa): the long-term credit rating assigned to company’s registered housing bonds (series A-E) for the amount of UAH13.9m with 3-year original maturity has been downgraded to uaCCC from uaB. The outlook on the rating has been changed to stable.
August 5 Globyno Meat-Packing Plant LLC (Poltava Oblast): the long-term credit rating assigned to company’s registered coupon bonds (series A) for the amount of UAH50m with 5-year original maturity has been upgraded to uaBBB from uaBBB-. The outlook on the rating has been changed to positive.
August 11 City.com LLC (Kiev): the long-term credit rating assigned to registered coupon bonds (series A) for the amount of UAH50m with 5-year original maturity has been downgraded to uaB from uaBB with negative outlook. The rating remains on Rating Watch List.
August 12 UkrTechnoFos LLC (Rivne): the long-term credit ratings assigned to registered coupon bonds (series C and D) for the amounts of UAH7m and UAH50m respectively, with original maturity of up to 6 years, have been downgraded to uaBB from uaBBB-. The outlook on the rating is stable.
August 13 Kyiv Aircraft-Manufacturing Plant AVIANT SC (Kiev): a long-term credit rating of uaCCC (provisional)/stable outlook has been assigned to registered coupon bonds (series A, B) for the amount of UAH858m due Jul. 26, 2014.
August 13 VESTA-Dnepr CJSC (Dnepropetrovsk): the long-term credit rating assigned to company’s registered coupon bonds (series A-C) for the amount of UAH150m due Feb. 25, 2012 has been affirmed at uaBBB-. The outlook on the rating has been changed to negative from stable.
Financial sector
August 28 Ukrgasbank JSB (Kiev): the long-term credit ratings assigned to bank’s bonds (series A-E) for the amount of UAH350m have been downgraded to uaBB/negative outlook from uaBBB. The ratings remain on Rating Watch List.
Credit-Rating agency has operated in the Ukrainian market since 2001 being committed to assignment of the national scale ratings. The agency has assigned 1063 ratings, specifically to 832 Ukrainian companies, 169 financial institutions and 60 municipalities and their debts, 1 corporate governance rating and 76 bank deposit ratings.
As of September 1, 2009 Credit-Rating maintains monitoring of 726 ratings, in fact 559 of corporate, 118 of financial and 49 of municipal sectors.