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04.09.2006
uaBB+ credit rating assigned to upcoming bond issue of CJSC Financial-Construction Company Dnepr-Invest-Stroy"
Today independent rating company Credit-Rating announced the granting of a long-term uaBB+ credit rating to the scheduled registered (discount) bond issue (A series) by CJSC Financial-Construction Company Dnepr-Invest-Stroy (Dnipropetrovsk) in the amount of UAH 25 million with a circulation period of 6 years. The company’s main activity is construction, repair and assembly works. The company is currently managing four construction projects in Dnipropetrovsk.
Factors supporting the credit rating’s level:
- The enterprise is a member of a company group with capacities large enough to service construction process at practically all stages;
- experience in contractor and general contractor works the net sales volume of which increased 6 times and amounted to UAH 19.3 million in 2001-2005, net revenue increased 7.7 times to UAH 2.99 million;
- the company’s owned capital/assets ratio was 89% as of 01.04.2006.
Factors restricting the credit rating’s level:
- lack of experience in acting as Client of construction projects;
- the Issuer’s authorized fund of UAH 12.5 thousand makes up only 0.001% of the total balance;
- undetermined and unstable system of legal regulation and taxation of operations with construction and in particular fund-raising.
For more detailed information, please contact us.
Kyiv (+38044 490 25 50, fax +38044 490 25 54)
