Credit-Rating Suspends Furshet CJSC Rating
OREANDA-NEWS. On 07 May 2009 Credit-Rating, a nationally recognized credit rating agency in Ukraine announced that it suspended the long-term credit rating of uaAA- (uaAA minus) with negative outlook assigned to registered coupon bonds (series E) issued by Kiev-based Furshet CJSC for the amount of UAH200m, with 3-year original maturity, due to insufficient information regarding issuer`s performance in 2008.
An obligor or a debt liability with uaAA credit rating is characterized with the VERY STRONG creditworthiness as compared to other Ukrainian obligors or debt liabilities.
A plus "+" and a minus "-" signs indicate intermediary categories compared to the standard categories (grades).
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.
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