OREANDA-NEWS. April 22, 2010. Credit-Rating, a nationally recognized credit rating agency in Ukraine announced that it downgraded to uaB from uaBB+ (uaBB plus) the long-term credit rating assigned to registered coupon bonds (series A) issued by Donetsk-based Briket OJSC (‘issuer’ or ‘company’). The amount of the issue is UAH20m with 7-year original maturity. The outlook on the rating is stable. The company’s principal activity is processing of waste industrial materials, of small fractions of coke, concentrating and ferroalloy production by making briquettes on the basis of ecologically pure adhesive materials. To revise the rating Credit-Rating considered issuer’s financial statements for 4Q2009 and full 2009 and its other inside information.

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

Stable outlook indicates that there are no anticipated reasons to change the rating in the course of the year.