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Credit-Rating Downgrades Investment and Construction Group LLC’s Bonds to uaCCC08.10.2010 Credit-Rating, a nationally recognized credit rating agency in Ukraine has today announced that it downgraded to uaCCC from uaB- (uaB minus) the long-term credit rating assigned to registered housing bonds (series A and B-C) issued by Kiev-based Investment and Construction Group LLC (‘issuer’ or ‘company’). The amount of the issue is UAH9.9m and UAH16m respectively to the series stated. The outlook on the rating is stable. The company’s principal activity is investment and construction. Today the company constructs a residential building with social facilities and a parking located in the city of Kiev. To revise the rating Credit-Rating considered issuer’s financial statements for 2009 (from public sources). An obligor or a debt liability with uaCCC credit rating is characterized with the VERY LOW creditworthiness as compared to other Ukrainian obligors or debt liabilities. There is a default possibility. 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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