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IBI-Rating has affirmed the credit ratings of "Agricultural complex" Green Valley "LLC and A series bonds at uaBB grade

27.01.2016
IBI-Rating informs on the affirmation of the credit ratings of "Agricultural complex" Green Valley "LLC and A series bonds at uaBB grade, preserving a "negative" outlook.

The credit ratings remain on the CreditWatch. The affirmation of the credit ratings is due to the continuation of the litigations on the recognition of the termination of the Issuer's obligations to the principal owner of the bonds due to the offset of counter claims. Further rating actions and withdrawal of ratings from the ratings CreditWatch depend primarily on the results of the court settlement of the matter. At the same time, IBI-Rating notes the growth of the Issuer’s financial results and improved performance indicators, reduced debt burden in the first 9 months of 2015.

In order to carry out the analytical research the materials provided by "Agricultural complex" Green Valley "LLC were used, including: financial statements for 2012-2014 and 9 months of 2015, other necessary internal information as well as the information from the 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