IBI-Rating has affirmed the credit rating of discount bonds of «Grad Invest» LLC

IBI-Rating informs on the affirmation of the credit rating of A Series discount bonds of «Grad Invest» LLC at uaССС grade, with a «stable» outlook.

According to the prospectus of issue, the financial resources raised from the placement of bonds will be used to expand the range and increase the volume of products, develop capacities and production facilities, work to improve the quality of services, and purchase securities of Ukrainian enterprises.

The net income of «Grad Invest» LLC is formed mainly through the sale of real estate in the previously constructed facility in Kyiv. In addition, the financial results are significantly affected by transactions with securities. At the end of March 2017, «Grad Invest» LLC had a significant amount of uncovered loss, which causes a low share of equity capital in the structure of sources of financing activities.

In order to carry out the analytical research the materials provided by «Grad Invest» LLC were used, including: financial statements for 2014 -2016 and 3 months of 2017, background information on the activities of «Grad Invest» LLC, the information on the issue of the bonds, other necessary internal information as well as the information from the public sources, which the Rating agency considers reliable.

Corporate department

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