IBI-Rating has affirmed the credit rating of bonds of «Zhilstroy-2» ALC

04.01.2018 Ukraine - Kiev. National authorized rating agency IBI-Rating informs on the affirmation of the credit rating of the registered housing secured bonds of J Series and K-N Series of «Zhilstroy-2» ALC at uaBBB grade, with a «stable» outlook.

The registered housing secured bonds RC «Duet» - the complex of apartment buildings with built-attached premises of cultural and community and trade and office blocks with underground parking for the building at Kharkiv city, st. Tsilynohradska (in the apartment houses № 54-56). When redeeming the owners of bonds of the J Series the apartments in the first stage of the Complex must be transferred, the K Series of apartments in the second stage, the L Series - the built-in public facilities, the M Series of underground parking spaces, the N Series premises in the public center building.

The construction of the first stage of the RC «Duet» was started in the third quarter of 2014, and the second stage - in the second quarter of 2016. According to the estimates of «Zhilstroy-2» ALC specialists at early October 2017, the degree of construction readiness of the first stage increased to 95%, the second stage - to 49%. The first stage of the RC «Duet» was put into operation in November 2017, the commissioning of the second stage is planned for the 3rd quarter of 2018. The Issuer has a significant time reserve between the planned completion dates and the final maturity dates of the bonds.

«Zhilstroy-2» ALC occupies leading positions in the market of the primary real estate construction in Kharkiv. The company has its own production construction facilities.

In order to carry out the analytical research the materials provided by «Zhilstroy-2» ALC have been used, including financial statements of the Issuer for 2014-2016 and 9 months of 2017, the background information on the activities of «Zhilstroy-2» ALC, the information on the issue of J Series and K-N Series bonds, other necessary internal information, as well as the information from the public sources, which the Rating agency considers credible.

Corporate department

For additional information please contact:
Press office of IBI-Rating
(044) 362-90-84