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30.09.2009
Credit-Rating assigns PROMIN NIK LLC’s upcoming bonds uaCC
Credit-Rating, a nationally recognized credit rating agency in Ukraine has today announced that it assigned a long-term credit rating of uaCC to registered coupon bonds (series A-C) to be issued by Kiev-based PROMIN NIK LLC (‘issuer’ or ‘company’) for the amount of UAH250m due Oct. 13, 2014. The outlook on the rating is stable. The company’s principal activity is real estate operations, specifically purchase, sale and lease of commercial premises, operations on secondary market of residential premises etc. In the course of analysis Credit-Rating considered issuer’s financial statements as at June 30, 2009 and its other inside information.
An obligor or a debt liability with uaCC credit rating is characterised with the VERY HIGH DEFAULT POSSIBILITY.
Stable outlook indicates that there are no anticipated reasons to change the rating in the course of the year.
Factors constraining the credit rating
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The issuer has not conducted operations since its incorporation on June 9, 2009.
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A considerable amount of the bond issue of UAH250m.
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Ongoing negative trends in Ukraine’s real estate sector.
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 +38044490 25 50
SRozumyak@credit-rating.com.ua
Denis
Rudenko
DRudenko@credit-rating.ua
