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

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

Target bonds issued to finance the construction of the RC «Duet» - a complex of multi-storey apartment houses with built-in attached cultural, residential, commercial-administrative premises with underground parking at a construction address: city Kharkiv, st. Tsilynohradska (in the area of residential buildings № 54-56). When the redemption of J Series bonds takes place, the apartments in the first stage of the Complex must be transferred to owners of bonds, the L Series - the built-in public facilities, the M Series - 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 in November 2017 it was put into operation. The construction of the second stage was started in the second quarter of 2016, in December 2018, the second stage was put into operation. The Issuer has a significant time margin for maturity dates of the housing 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 2016-2018 and 3 months of 2019, 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
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