OREANDA-NEWS. On 06 May 2009 Credit-Rating, a nationally recognized credit rating agency in Ukraine has today announced that it downgraded to uaC from uaBB the long-term credit rating assigned to registered coupon bonds (series A due Feb. 24, 2010, and series B due Jul. 11, 2010) issued by Dnipropetrovsk-based RUSH LLC (issuer or company) for the overall amount of UAH70m. The outlook on the rating is negative. The company's core business is perfume and cosmetics retailing. To revise the rating Credit-Rating considered issuer's financial statements for 4Q08 and full 2008 and its other inside information.

The uaC rating denotes that the obligor is EXPECTED TO DEFAULT on its debt liabilities.

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.

Factors constraining the credit rating:

Imposing the moratorium on meeting the creditors claims for the period of 12 months and initiating the procedure of issuers bankruptcy.