IBI-Rating has affirmed the credit rating of bonds of «Triumf Invest» LCC at uaCC grade

Rating agency IBI-Rating informs on affirming of the long-term credit rating of interest-bearing A-D series bonds of «Triumf Invest» LLC at uaCC grade, with a «stable» outlook.

Bonds with a total nominal value of UAH 575, 700 thousand maturing in October 2017 were issued to raise funds for construction of social and cultural, and sports and recreational objects.

During the first half of 2017, «Triumf Invest» LCC did not carry out an active economic activity and, accordingly, did not receive any income. Costs formed mainly amortization of discount on bonds, as well as administrative costs. For the first 6 months 2017 Issuer's net loss amounted to UAH 27.6 million, which increased the amount of uncovered loss to UAH 539.8 million on 30.06.2017.

In order to carry out the analytical research the materials obtained from «Triumph Invest» LLC were used, including: financial statements for 2014-2016 and 6 month 2017, parameters of the issue of A-D series bonds, other necessary internal information as well as the information from the public sources, which the Rating agency considers reliable.

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