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IBI-Rating has affirmed the credit rating of AD series bonds of the issuer "TRIUMF INVEST" LLC at uaCC

23.11.2015
IBI-Rating informs on affirming of the long-term credit rating of discount bonds of AD series of the issuer "TRIUMF INVEST" LLC at uaCC grade, with a "stable" outlook.

The affirmation of the credit rating of the debt instrument (RDI) of "TRIUMF INVEST" LLC is due to its preservation of the key factors that were previously observed by IBI-Rating. In particular, the Issuer did not carry out any active business activity and did not receive any revenues from operating activities.

The activity of "TRIUMF INVEST" LLC remains loss-making. As at 30.06.2015 the uncovered loss amounted to UAH 429.6 mln. Dependence of "TRIUMF INVEST" LLC on external financing remains exceptional, including that caused by the issue of a significant amount of discount bonds (with the nominal value amounting to UAH 575.7 mln).

The investment certificates form a vast majority of assets of "TRIUMF INVEST" LLC. A positive impact on the credit rating may have as follows: formation of stable cash flows sufficient for servicing of debt obligations; improvement of the financial and economic activities at simultaneous growth of performance indicators. A negative impact on the credit rating may have as follows: the Issuer’s failure to meet its financial obligations; bankruptcy of the Issuer.

In order to perform the analytical research the materials provided by "TRIUMF INVEST" LLC were used, including financial statements for the I half of 2015, information on the activities of "TRIUMF INVEST" LLC, parameters of the bond issue, other necessary internal information as well as the information from public sources, which the Rating agency considers reliable.

Corporate department
For more information please contact:
Press service of IBI-Rating
(044) 362-90-84
press(at)ibi.com.ua