OREANDA-NEWS. January 17, 2011. Credit-Rating, a nationally recognized credit rating agency in Ukraine published statistical data on redemption of bond issues in December 2010 bearing agency’s ratings. According to issue prospectuses 6 rated and outstanding bond issues matured in December (3 issues of interest-bearing bonds for UAH65.5m, and 3 issues of housing bonds for UAH145.7m). Basing on the data furnished to the agency, out of all bond issues 2 issues of housing bonds for UAH59.4m and UAH50.5m were not repaid on time.

Credit ratings of the issues defaulted in December 2010 pertained to speculative grade of the national rating scale. The construction projects, where immovable property was supposed to redeem the bonds, are currently on different stages of construction ranging from high readiness to the stage of commissioning. Thereat the issuers are planning to redeem the bonds upon delivery of the buildings.

Credit-Rating agency has operated in the Ukrainian market since 2001 being committed to assignment of the national scale ratings. The agency’s track record encompasses 1128 ratings assigned. In December the agency assigned 10 ratings, revised 139 ratings, suspended 9 ratings and withdrew 6 ratings. As of January 1, 2011 the agency’s list of ratings contained 615 credit ratings: 452 in the corporate, 111 in the financial, and 52 in the municipal sectors.