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IBI-Rating has affirmed the credit rating of series S, T, U bonds of "Brovary House-Building Plant" Mercury" LLC at uaCC grade

27.01.2016
IBI-Rating informs on the affirmation of the credit rating of series S, T, U bonds of "Brovary House-Building Plant" Mercury" LLC at uaCC grade, with a "negative" outlook.

In the conditions of approaching of the final terms to maturity of housing bonds, which were issued to finance the construction of the residential building in the town of Brovary, Kyiv oblast’, the construction of the residential building, as such, remains unfinished. IBI-Rating also notes the information closeness and non-transparency of the Issuer.

According to the assumptions used IBI-Rating in the rating of housing bonds by the National rating scale, the credit rating at uaCC grade provides for the delay in fulfillment of obligations on repayment of housing bonds for a period exceeding 12 months. The negative outlook indicates the possibility of further downgrading of the rating in the event of a longer delay in fulfilling of the obligations on repayment of housing bonds of series S, T, U.

In order to carry out the analytical research the materials provided by "Brovary House-Building Plant" Mercury " LLC were used, including: financial statements for 2012-2014 and 6 months of 2015, background information on the activities of "Brovary House-Building Plant" Mercury " LLC, information on the issue of housing bonds, 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