OREANDA-NEWS. December 21, 2010. November saw 2 credit ratings assigned by the agency, 1 credit rating has been downgraded, 7 credit ratings have been upgraded, outlooks on 9 ratings have been revised, 5 ratings have been suspended and 7 ratings have been withdrawn.

COUNTERPARTY RATINGS

Financial sector

November 30 Ukrainian Business Bank PJSC (Donetsk): the long-term credit rating has been upgraded to uaBBB from uaBBB-. The outlook on the rating is stable.

Corporate sector

November 5 Globyno Meat Factory LLC (Poltava Oblast): the long-term credit rating has been upgraded to uaA from uaA-. The outlook on the rating is stable.

ISSUE RATINGS

Corporate sector

November 5 Globyno Meat Factory LLC(Poltava Oblast): the long-term credit rating assigned to registered coupon bonds (series A) for the amount of UAH50m has been upgraded to uaA with stable outlook from uaA-.

November 8 South-West Railways (Kiev): the long-term credit rating assigned to registered coupon bonds (series B) for the amount of UAH200m with 2-year original maturity has been upgraded to uaA with positive outlook from uaBBB.

November 10 South Railways (Kharkiv): the long-term credit rating assigned to registered coupon bonds (series A) for the amount of UAH100m with 2-year original maturity has been upgraded to uaA with positive outlook from uaBBB.

November 15 Donetsk Railways State Company (Donetsk): the long-term credit rating assigned to registered coupon bonds (series A) for the amount of UAH150m with 2-year original maturity has been upgraded to uaA with positive outlook from uaBBB.

November 16 Odessa Railways (Odessa): the long-term credit rating assigned to registered coupon bonds (series A) for the amount of UAH250m with 2-year original maturity has been upgraded to uaA with positive outlook from uaBBB.

November 25 Firma Ukrtorg LLC (Kiev): the long-term credit rating assigned to registered housing bonds (series A, B) for the amount of UAH530.1m has been downgraded to uaCCC with stable outlook from uaB-.

Financial sector

November 1 Arkada Fund Mortgage Company LLC (Kiev): a long-term credit rating of uaBBB carrying stable outlook has been assigned to private issue of registered coupon bonds (series W) for the amount of UAH300m due Aug. 28, 2012.

November 2 Business Standard Bank JSC (Public) (Kiev): a long-term credit rating of uaBBB- carrying stable outlook has been assigned to registered coupon bonds (series B) for the amount of UAH100m due Sep. 23, 2015.

November 8 Euro Leasing LLC (Kiev): the long-term credit rating assigned to 4-year registered coupon bonds

(series B) for the amount of UAH100m has been affirmed at uaBBB- with stable outlook.

Credit-Rating agency has operated in the Ukrainian market since 2001 being committed to assignment of the national scale ratings. The agency has assigned 1114 ratings, specifically to 850 Ukrainian companies, 193 financial institutions and 71 municipalities and their debts, 1 corporate governance rating, 86 bank deposit ratings and 3 insurer strength ratings.

As of December 1, 2010 Credit-Rating maintains monitoring of 611 ratings, in fact 453 of corporate, 104 of financial and 54 of municipal sectors and 57 bank deposit ratings and 3 insurer strength ratings.