OREANDA-NEWS. September 23, 2009. Credit-Rating, a nationally recognized credit rating agency in Ukraine announced that it affirmed at uaBBB the long-term credit rating assigned to registered housing bonds (series A and B) issued by Kiev-based BBC-LTD LLC (‘issuer’ or ‘company’) for the amount of UAH200m due Sep. 9, 2012 and Sep. 11, 2011 respectively to the series mentioned. The outlook on the rating has been changed to negative from stable.

An obligor or a debt liability with uaBBB credit rating is characterized with the SUFFICIENT creditworthiness as compared to other Ukrainian obligors or debt liabilities. This level of creditworthiness is affected by adverse changes in commercial, financial and economic conditions.

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.

The change of outlook is in response to issuer’s restructuring settlements with the creditors by bonds of series A and B for UAH37m or 18.5% of the overall issue, which have been offered for before-due repayment. The company has performed early repayment of 21.6% of liabilities by bonds offered, with the rest of the bonds restructured and to be repaid on Sep. 13, 2010. Further changes in the outlook and in the rating are contingent upon financial state of the company and its timely and full payments on the restructured liabilities.