OREANDA-NEWS  On 28 November Credit-Rating, a nationally recognized credit rating agency in Ukraine announced that it downgraded the long-term credit rating assigned to registered coupon bonds (series A) issued by Kiev-based Kyivmedpreparat OJSC (`issuer` or `company`) to uaBB/Negative outlook from uaBBB/Negative outlook with the rating remaining on the Rating Watch List. The amount of the issue is UAH30m due Nov. 15, 2010.

The rating was placed on RWL on Nov. 14, 2008 carrying negative outlook.

The rating`s downgrade was prompted by delays in repayments of borrowers` offers (Nov. 18, 2008 - Nov. 21, 2008) on company`s bonds of series `A`. The rating will be removed from the RWL after the issuer negotiated with the bondholders the repayment procedure of the bonds.

The Rating Watch List intends for informing the financial market participants about possible changes of ratings in short-term prospective. The rating placed on RWL denotes that Credit-Rating is currently considering its change as a result of events or ongoing negative trends, which may negatively affect creditworthiness of a rating`s bearer.

Negative outlook indicates that there is a possibility to downgrade the rating in the course of the year, on condition that negative tendencies are retained and current risks are realized.