Main » Events » Press releases » Credit-Rating Downgrades Drohobych Rock Bit Plant OJSC’s bonds to uaB |
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Credit-Rating Downgrades Drohobych Rock Bit Plant OJSC’s bonds to uaB29.06.2010 Credit-Rating, a nationally recognized credit rating agency in Ukraine has today announced that it downgraded to uaB with stable outlook from uaBB the long-term credit rating assigned to registered coupon bonds (series B) issued by Lviv Oblast-based Drohobych Rock Bit Plant OJSC (‘issuer’ or ‘company’).The amount of the issue is UAH25m. The company’s principal activity is production of drilling equipment. To revise the rating Credit-Rating considered issuer’s financial statements for 2H2009 and full 2009 and its other inside information. An obligor or a debt liability with uaB credit rating is characterized with the LOW creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is extremely susceptible to adverse changes in commercial, financial and economic conditions. Stable outlook indicates that there are no anticipated reasons to change the rating in the course of the year. Factors maintaining the credit rating
Factors constraining the credit rating
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