The rating of Odesa confirms at uaАА- Credit-Rating confirms the rating of Odesa at uaАА- Credit-Rating confirms the rating of Odesa at uaАА-

Main »  Events »  Press releases

Press releases

12.08.2005

"uaCCC-" credit rating assigned to upcoming bond issue of Proizvodstveny Vector, Ltd.

Independent rating agency Credit-Rating announced the award of a long term “uaCCC-” credit rating to the issuance of registered passive (purpose) bonds (series C) of Proizvodstveny Vector, Ltd. in the amount of 145 million UAH for a five year period of circulation. The company (after changing the sphere of its activities in 2004) is active in construction and investment.

Positive factors that were taken into account in the rating:

  • Increase in demand for apartments and commercial premises in newly built houses in Kyiv as well as the tendency for apartment price rises which are the subject of the issuer’s registered passive (purpose) bonds issuance;
  • The company has been constructing a residential complex close to the central part of Kyiv.

Negative factors that were taken into account in the rating:

  • The issuer started its construction and investment activities only 2004, which hinders a determination about the quality of the company’s dynamic development;
  • Lack of experience in putting residential blocks into operation;
  • Unsettlement and tangibility of legislative regulation, taxation systems and operations connected with construction industry, as well as fundraising.

Information about ratings in Ukrainian national scale is available at the internet site of the company Credit-Rating at http://www.credit-rating.com.ua.

For more detailed information, please contact Dmitriy Zadesenets, Kyiv +38(044) 490-25-50, 490-25-54, cr@credit-rating.com.ua

Rating search

Form

advanced search