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21.07.2011
Credit-Rating upgrades Konstantinovskiy Factory of Metallurgical Equipment LLC bonds to uaBBB-
Credit-Rating upgraded the long-term credit rating assigned to registered coupon bonds issued by KonstantinovskiyFactory of Metallurgical Equipment LLC (Donetsk region, Ukraine) from uaBB to uaBBB-. The outlook on the rating is stable. The basic area of the factory activity is production of cathodic cooper, as well as removable water-cooling equipment from cooper for metallurgical enterprises. To revise the rating Credit-Rating considered financial statements of KonstantinovskiyFactory of Metallurgical Equipment LLC for 2010 and 1Q 2011, as well as other inside information submitted by «KonstantinovskiyFactory of Metallurgical Equipment» LLC within the rating procedure.
An obligor or a debt liability withuaBBBcredit rating is characterized with the SUFFICIENT creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is affected by adverse changes in commercial, financial and economic conditions.A plus "+" and a minus "-" signs indicate intermediary categories compared to the standard categories (grades).
Stableoutlook indicates that there are no anticipated reasons to change the rating in the course of the year.
Factors maintaining the credit rating:
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growth of performance efficiency indicators, in particular, basic output products wholesalevolume in terms of money and on the basis of quantities within 2010 and 1Q 2011;
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moderate level of company debt burden.
Factors constraining the credit rating:
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considerable share of the issuer’s property serves as a bank loan collateral;
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high share of short-term obligations in the total company debt;
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the company sensitivity to changes in cooper prices on international commodities exchanges.
Information on all credit ratings assigned in accordance with the National Rating Scale may be found in THOMSON REUTERS and BLOOMBERG information systems.
For more information, please contact:
Mr.
Alexey Kapustinskiy
+380 44 490 2550
AKapustinskiy@credit-rating.ua
