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01.07.2010
Credit-Rating’s Rating Actions in June 2010
June saw 8 credit ratings and 1 bank deposit rating assigned by the agency, 9 credit ratings have been upgraded, 10 credit ratings have been downgraded, outlooks on 34 ratings have been revised, 12 ratings have been suspended, 11 ratings have been withdrawn, and 1 bank deposit rating has been upgraded and 1 bank deposit rating have been withdrawn.
COUNTERPARTY RATINGS
Municipal sector
June 16 City of Energodar: a long-term credit rating has been upgraded to uaA+ from uaA. The outlook on the rating is stable.
Financial sector
June 9 First Ukrainian International Bank PJSC (Donetsk): the long-term credit rating assigned to the bank has been upgraded to uaA from uaBBB. The outlook on the rating is stable.
June 10 BM Bank LLC (Kiev): the long-term credit rating assigned to the bank has been upgraded to uaBBB+ from uaBBB. The outlook on the rating is stable.
June 11 Financial Initiative Commercial Bank LLC (Kiev): the long-term credit rating assigned to the bank has been upgraded to uaBBB from uaBB+. The outlook on the rating is stable.
June 14 KREDOBANK OJSC (Lviv): the long-term credit rating assigned to the bank has been upgraded to uaBBB+ from uaBBB. The outlook on the rating is stable.
ISSUE RATINGS
Municipal sector
June 10 Donetsk City Council: a long-term credit rating of uaAA has been assigned to city’s upcoming issue of coupon bonds (series F) for the amount of UAH60m due Dec. 31, 2015. The outlook on the rating is stable.
June 16 Energodar City Council: a long-term credit rating assigned to coupon bonds for the amount of UAH10m with 5-year original maturity has been upgraded to uaA+ from uaA. The outlook on the rating is stable.
June 18 Zaporizhzhia City Council: a long-term credit rating of uaAA- has been assigned to upcoming issue of coupon bonds (series I, J) for the amount of UAH25m due Dec. 31, 2013. The outlook on the rating is stable.
Corporate sector
June 9 TOR Scientific and Research Centre LLC (Kiev): a long-term credit rating assigned to company’s registered discount bonds (series A) for the amount of UAH20m has been downgraded to uaB from uaBB. The outlook on the rating is negative.
June 15 GRANI LLC (Odessa): a long-term credit rating assigned to company’s registered housing bonds (series A, B) for the amount of UAH59.4m has been downgraded to uaB from uaBB-. The outlook on the rating is stable.
June 22 Grad Invest LLC (Kiev): a long-term credit rating assigned to company’s registered housing bonds (series A-C) for the amount of UAH264.2m has been downgraded to uaCCC from uaB. The outlook on the rating is stable.
June 29 Drohobych Rock Bit Plant LLC (Lviv Oblast): the long-term credit rating assigned to company’s registered coupon bonds (series B) for the amount of UAH25m has been downgraded to uaB from uaBB. The outlook on the rating is stable.
June 29 ARTA Securities LLC (Kiev): the long-term credit rating assigned to registered coupon bonds (series B) for the amount of UAH30m has been downgraded to uaCCC from uaB. The outlook on the rating is stable.
Financial sector
June 11 Financial Initiative Commercial Bank LLC (Kiev): the long-term credit ratings assigned to registered coupon bonds (series A and series B) for the overall amount of UAH300m have been upgraded to uaBBB- from uaBB+ with stable outlook.
Credit-Rating agency has operated in the Ukrainian market since 2001 being committed to assignment of the national scale ratings. The agency has assigned 1091 ratings, specifically to 846 Ukrainian companies, 180 financial institutions and 65 municipalities and their debts, 1 corporate governance rating, 85 bank deposit ratings and 2 insurer strength ratings.
As of July 1, 2010 Credit-Rating maintains monitoring of 632 ratings, in fact 484 of corporate, 98 of financial and 50 of municipal sectors and 58 bank deposit ratings and 2 insurer strength ratings.
