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02.08.2010
Credit-Rating’s Rating Actions in July 2010
July saw 8 credit ratings assigned by the agency, 2 credit ratings have been upgraded, 1 credit rating has been downgraded, outlooks on 6 ratings have been revised, 23 ratings have been suspended, 6 ratings have been withdrawn, and 1 bank deposit rating has been suspended.
COUNTERPARTY RATINGS
Municipal sector
July 27 City of Odessa: the previously suspended city’s long-term credit rating has been resumed at uaA- with stable outlook.
July 28 City of Lviv: a long-term credit rating of uaA has been assigned to the city. The outlook on the rating is stable.
Corporate sector
July 23 Concern Khlebrom OJSC (Lviv): a long-term credit rating of uaBBB with stable outlook has been assigned to the company.
Financial sector
July 9 Soyuz Commercial Bank JSC (Kiev): a long-term credit rating of uaBBB- (provisional) has been assigned to the bank. The outlook on the rating is stable.
July 14 PROFIN BANK PJSC (Donetsk): a long-term credit rating of uaA- has been assigned to the bank. The outlook on the rating is stable.
ISSUE RATINGS
Municipal sector
July 5 Smela City Council: a long-term credit rating of uaBB+ (uaBB plus) has been assigned to city’s upcoming bond issue for UAH8m. The outlook on the rating is stable.
July 27 Odessa City Council: a long-term credit rating of uaA- has been assigned to coupon bonds for the amount of UAH400m with 5-year original maturity. The outlook on the rating is stable.
July 28 Lviv City Council: a long-term credit rating of uaA has been assigned to coupon bonds (series A, B, C) for the amount of UAH292.2m. The outlook on the rating is stable.
Corporate sector
July 2 Meest Express LLC (Lviv): the long-term credit rating assigned to registered coupon bonds (series A) for the amount of UAH25m has been downgraded to uaCCC with stable outlook from uaB.
July 8 Budspetsservice LLC (Kiev): a long-term credit rating of uaB+ has been assigned to registered housing bonds (series A, B, C, H, I, J, T, U) for the amount of UAH540m with stable outlook.
July 16 Bilyi Slon PE (Kharkiv): the long-term credit rating assigned to registered housing bonds (series A) for the amount of UAH79m has been downgraded to uaB with stable outlook from uaBB-.
July 19 Proviant LLC (Chernihiv): the long-term credit rating assigned to registered coupon bonds (series A) for the amount of UAH25m has been upgraded to uaBBB- 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 1098 ratings,
specifically to 846 Ukrainian companies, 182 financial institutions and 70 municipalities
and their debts, 1 corporate governance rating, 85 bank deposit ratings and 2 insurer
strength ratings.
As of August 1, 2010 Credit-Rating maintains monitoring of 632 ratings, in fact 478 of corporate, 99 of financial and 55 of municipal sectors and 58 bank deposit ratings and 2 insurer strength ratings.
