Main » Events » Press releases » Credit-Rating upgrades Energomashspetsstal OJSC’s bonds to uaBB+ |
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Credit-Rating upgrades Energomashspetsstal OJSC’s bonds to uaBB+30.12.2010 Credit-Rating, a nationally recognized credit rating agency in Ukraine has today announced that it upgraded to uaBB+ (uaBB plus) with stable outlook from uaBB- (uaBB minus) the long-term credit rating assigned to registered coupon bonds (series A) issued by Kramatorsk-based Energomashspetsstal OJSC (‘issuer’ or ‘company’). The amount of the issue is UAH350m. The company’s principal activity is production of electric furnace steel, castings, forgings, and cakes. In the course of analysis Credit-Rating considered issuer’s financial statements for full 1H2010 and its other inside information. An obligor or a debt liability with uaBB credit rating is characterized with the LOWER THAN SUFFICIENT creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is strongly 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. Factors maintaining the credit rating
Factors constraining the credit rating
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