Credit-Rating’s rating actions in March 2010
March saw 1 rating assigned by Credit-Rating, 5 ratings have been downgraded, 10 ratings have been upgraded, outlooks on 22 ratings have been revised, 32 ratings have been suspended, 15 ratings have been withdrawn, and 1 insurer strength rating and 2 bank deposit ratings have been assigned.
COUNTERPARTY RATINGS
Financial sector
March 1 Bank Petrocommerce-Ukraine PJSC (Kiev): the long-term credit rating assigned to the bank has been downgraded to uaBBB from uaA-. The outlook on the rating is negative.
March 12 FINANCIAL INITIATIVE Commercial Bank LLC (Kiev): the long-term credit rating assigned to the bank has been upgraded to uaBB+ from uaBB. The outlook on the rating is stable.
March 16 Swedbank Public JSC (Kiev): the long-term credit rating assigned to the bank has been affirmed at uaAA. The outlook on the rating is negative.
ISSUE RATINGS
Corporate sector
March 9 Sumykhimprom OJSC (Sumy): the long-term credit rating assigned to company’s registered coupon bonds (series A, B) for UAH100m has been downgraded to uaB with stable outlook from uaBB.
March 15 BMB Compound LLC (Kiev): the long-term credit rating assigned to company’s registered coupon bonds (series A) for UAH12.5m has been upgraded to uaB with stable outlook from uaCCC.
March 26 AT Realti LLC (Dnepropetrovsk): the long-term credit rating assigned to registered housing bonds (series A, B) for UAH30.2m to uaB with stable outlook from uaCCC.
March 29 Krymmedservice LLC (Simferopol): the long-term credit rating assigned to registered housing bonds (series A) for UAH22.2m with 2-year original maturity, has been downgraded to uaCCC with stable outlook from uaB.
March 30 Kompaniya po Torgivle (Odessa): the long-term credit rating assigned to registered coupon bonds (series A) for UAH65m has been upgraded to uaBB with stable outlook from uaCCC.
Financial sector
March 12 FINANCIAL INITIATIVE Commercial Bank LLC (Kiev): the long-term credit ratings assigned to bank’s registered coupon bonds (series A and series B) for the amount of UAH50m and UAH250m respectively, with 5-year original maturity, have been upgraded to uaBB+ with stable outlook from uaBB.
Credit-Rating agency has operated in the Ukrainian market since 2001 being committed to assignment of the national scale ratings. The agency has assigned 1081 ratings, specifically to 844 Ukrainian companies, 175 financial institutions and 61 municipalities and their debts, 1 corporate governance rating, 83 bank deposit ratings and 2 insurer strength ratings.
As of April 1, 2010 Credit-Rating maintains monitoring of 649 ratings,
in fact 502 of corporate, 98 of financial and
49 of municipal sectors and 58 bank deposit ratings and 2 insurer strength ratings.
For more information, please
contact:
Information and analytic department
Sergey
Rozumyak +38 044 490 25 50
SRozumyak@credit-rating.com.ua
Denis
Rudenko
DRudenko@credit-rating.ua