| ’Expert-rating’ rating agency is the largest operator in the voluntary rating estimation market in Ukraine. Largest banks, insurance companies, asset management and collecting companies of Ukraine, and also international reinsurance companies are among the clients of the Agency. 14 June 2010 Ukrainian Securities and Stock Market State Commission issued to ‘Expert-rating’ rating agency the Certificate (#5 of 09.06.2010) on inclusion into the State Register of Authorized Rating Agencies. The methodological base of the agency covers banking, insurance and investment sectors. The agency specializes in awarding of credit and infrastructural ratings according to the Ukrainian and international scales. 30/12/2011 RA «Expert-Rating» assigns the credit rating at the level uaBBB+ to the company «VAB Leasing», LLC and to its bonds issue December 29, 2011 at the special meeting of the rating committee of RA Expert-Rating it was made a decision about assigning the credit rating to the company VAB Leasing, LLC and to its bond issue at the level uaBBB+ according to the national scale. The borrower and the bonds with rating uaBBB+ are characterized by sufficient creditworthiness in comparison with the other Ukrainian borrowers or bonds. The level of solvency depends on the influence of unfavorable commercial, financial and economic conditions. When confirming the credit rating at the investment level, the Agency was guided by the following conclusions: More ››› 29/12/2011 RA «Expert-Rating» confirms the rating of the bonds of “Leasing IT-SPV”, LLC at the level uaВВВ- December 29, 2011 RA Expert-Rating confirms the credit rating of the bonds of the leasing company Leasing IT-SPV at the level uaВВВ-. When confirming the credit rating of the issuer at the given level, the analytical department of RA Expert-Rating was guided by the management efficiency of the leasing portfolio of Leasing IT-SPV, LLC and also by the key performance indicators of Private JSC Leasing IT according to the results of the 9 months of 2011. More ››› 26/12/2011 Rating conclusion: RA «Expert-Rating» confirms the credit rating of bonds of Series A and B of “BNC”, LLC at the level uaCCC December 26, 2011 at the rating committee meeting of RA Expert-Rating it was made a decision about confirming the bond credit rating of BNC, LLC at the level uaCCC. When confirming the rating, the Agency was based on the results of the company activity for the 9 months of 2011. BNC, LLC has got the loss of UAH 4,536 mln. according to the 9 months of 2011. At the same time the company proceeds have constituted UAH 3,698 mln. for the 9 months of 2011 and for the same period of 2010 UAH 4,218 mln. In 2011 the company lacks funds to pay debts. As of 01.10.2011 the company assets have constituted UAH 104,831 mln., while shareholders equity of BNC, LLC has constituted only UAH 5,969 mln. Thus, the coefficient of autonomy has equaled to 5,7%. This indicator demonstrates a low level of the company solvency. There are only UAH 71,4 th. at the companys accounts that also indicates a critically low level of liquidity. The Agency notes that the bond issues of Series A and B of BNC, LLC have all the attributes of a speculative rating according to the results of the company activity during the 9 months of 2011. If we take into account insufficient level of profitability, asset management ratios, low liquidity and capital adequacy, lack of progress in the company sales policy, there is likely to be default on the BNC, LLC bonds. This conclusion explains a speculative level of the rating uaCCC on the bonds of BNC, LLC that is assigned by the analytical department of RA Expert-Rating. The rating report on the bonds, to which the credit rating is assigned at the level lower than uaBB+ according to the national scale, is not a subject to publication and distribution in accordance with rules of rating. The rating is assigned by the rating conclusion, which is published at the Web-site of RA Expert-Rating and is regularly reviewed. More ››› 22/12/2011 Press-release: RA «Expert-Rating» assigns the credit rating at the level uaBBB+ to PJSC “UPB” December 21 at the meeting of the Rating Committee it has been made a decision about assigning the credit rating at the level uaBBB+ according to the national scale to the Public Joint-Stock Company Ukrainian Professional Bank and to its bonds of Series E. Full justification of rating assigned by RA Expert-Rating is contained in the rating report. When confirming the investment level of rating, the Rating Committee was guided by the following: More ››› 02/12/2011 RA «Expert-Rating» confirms the financial stability rating of OJSC “Transsib Re” at the level uaAAA December 02, 2011 the Agency confirms the financial stability rating of OJSC Transsiberian Re (The Russian Federation) at the level uaAAA. This confirmed rating means the highest level of the reinsurers financial stability according to the national Ukrainian scale. When giving the positive conclusion concerning the highest level of the reinsurers financial stability, RA Expert-Rating was based on the key results of the Companys activity for the 9 months of 2011. More ››› |  |