Main » Events » Press releases » Credit-Rating upgrades Kyivmedpreparat OJSC’s bonds to uaBBB- |
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Credit-Rating upgrades Kyivmedpreparat OJSC’s bonds to uaBBB-03.12.2009 Credit-Rating, a nationally recognized credit rating agency in Ukraine has today announced that it upgraded to uaBBB- (uaBBB minus) from uaBB the long-term credit rating assigned to registered coupon bonds (series A) issued by Kiev-based Kyivmedpreparat OJSC (‘issuer’ or ‘company’). The amount of the issue is UAH30m, due Nov. 15, 2010. The outlook on the rating has been changed to stable from positive. The company’s primary business is production of pharmaceutical products and materials. To revise the rating Credit-Rating considered issuer’s financial statements for 1H2009 and its other inside information. An obligor or a debt liability with uaBBB credit 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). Stable outlook indicates that there are no anticipated reasons to change the rating in the course of the year. This is outlook by default. Factors maintaining the credit rating
Factors constraining the credit rating
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