Main » Events » Press releases » Credit-Rating downgrades Agroekoprodukt CJSC bonds to uaBBB+ |
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Credit-Rating downgrades Agroekoprodukt CJSC bonds to uaBBB+13.05.2010 Credit-Rating, a nationally recognized credit rating agency in Ukraine has today announced that it downgraded to uaBBB+ (uaBBB plus) from uaA- (uaA minus) the long-term credit rating assigned to coupon bonds (series A, B) issued by Cherkassy Oblast-based Agroekoprodukt CJSC (‘issuer’ or ‘company’). The amount of the issue is UAH50m. The outlook on the rating is stable. The company’s principal activity is production and sale of canned products. In the course of analysis Credit-Rating considered issuer’s financial statements for 2009 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). The change in the rating outlook to positive is in response to positive shifts in fundamental indicators of the company’s core business. Factors maintaining the credit rating
Factors constraining the credit rating
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