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12.07.2006
Credit-Rating upgraded rating of "ALLO", Ltd to uaBB
Today independent rating agency Credit-Rating announced the upgrade of the long-term credit rating to the registered interest-bearing bond issue (A series) by Allo Ltd (Dnipropetrovsk) in the amount of UAH 20 million with a circulation period of 3 years to the level of uaBB. The companys main activity is trade of cell phones, accessories, digital equipment and services of connecting mobile operators to the network.
The considerations for the upgrade of credit rating to Allo Ltd include: further active development of Allo trade network in the 1 st quarter 2006: the company opened 52 stores and as of 31.03.2006 their total number was 220. This in its turn enhanced the competitive position of Allo Ltd and secured the increase of net sales volume by 2 times, to UAH 99.3 million year-over-year, and improved the performance showings.
For more detailed information, please contact us.
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