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01.10.2009
Credit-Rating’s rating actions in September 2009
September saw 2 ratings assigned by Credit-Rating, 5 ratings have been upgraded, 9 ratings have been downgraded, outlooks on 22 ratings have been revised, 18 ratings have been suspended, 427 ratings have been withdrawn. In September the agency assigned an insurer strength rating for the first time.
INSURER STRENGTH RATINGS
September 17 European Insurance Alliance CJSC (Kiev): the insurer strength rating of uaАins has been assigned to the company.
COUNTERPARTY RATINGS
Corporate sector
September 9 Galneftekhim CJSC (Lviv): the long-term credit rating of uaBBB has been downgraded to uaBB. The outlook on the rating has been changed to negative. The rating has been placed to Rating Watch List.
ISSUE RATINGS
Corporate sector
September 9 Transfavorit PE (Lviv): the long-term credit ratings assigned to company’s registered coupon bonds (series A and series B) for the amount of UAH5m and UAH10m respectively to the series stated, with 5-year original maturity, have been downgraded to uaCCC from uaB. The outlook on the rating has been changed to negative.
September 14 Zhytloindbud LLC (Kiev Oblast): the long-term credit rating assigned to registered housing bonds (series AA-DE) for the amount of UAH81.2m due Oct. 20, 2009 has been downgraded to uaCC from uaCCC. The outlook on the rating is stable.
September 16 Vyrobnychyi Vektor LLC (Kiev): the long-term credit rating assigned to registered housing bonds (series A-E) for the amount of UAH337.5m due May 27, 2010 has been upgraded to uaBB from uaB with stable outlook.
September 22 Alyans-Vysotstroy LLC (Odessa): the long-term credit rating assigned to registered housing bonds (series A) for the amount of UAH62.3m, with 5-year original maturity has been downgraded to uaBB from uaBBB. The outlook on the rating is negative.
September 23 VVS-LTD LLC (Kiev): the long-term credit rating assigned to registered coupon bonds (series A and series B) for the total amount of UAH200m due Sep. 9, 2012 and Sep. 11, 2011 has been affirmed at uaBBB. The outlook on the rating is negative.
September 24 Alyans-Zhylstroy LLC (Odessa): the long-term credit rating assigned to registered housing bonds (series A) for the amount of UAH119.3m with 5-year original maturity has been downgraded to uaBB from uaBBB. The outlook on the rating has been changed to negative. The rating has been placed to Rating Watch List.
September 30 PROMIN NIK LLC (Kiev): the long-term credit rating of uaCC has been assigned to company’s upcoming bond issue (series A-C) for the amount of UAH250m due Oct. 13, 2014. The outlook on the rating is stable.
Credit-Rating agency has operated in the Ukrainian market since 2001 being committed to assignment of the national scale ratings. The agency has assigned 1064 ratings, specifically to 834 Ukrainian companies, 170 financial institutions and 60 municipalities and their debts, 1 corporate governance rating, 78 bank deposit ratings and 1 insurer strength rating.
As of October 1, 2009 Credit-Rating maintains monitoring of 689
ratings, in fact 527 of corporate, 114 of financial and
48 of municipal sectors and 58 bank deposit ratings.
