OREANDA-NEWS. On 1 August 2008 was announced, that July 2008 saw 19 ratings assigned by Credit-Rating, 1 rating outlook has been revised, 7 ratings have been suspended, 10 ratings have been withdrawn and 1 rating has been placed in CreditWatch.

ISSUER RATINGS

Municipal sector

July 6 City of Odessa: a long-term credit rating has been upgraded to uaA from uaA-.

Corporate sector

July 9 Dnepropetrovsk-based Ista-Centre CJSC: a long-term investment grade rating of uaBBB+ has been assigned to the company.

July 15 Dnepropetrovsk-based SIM-Invest LLC: a long-term speculative grade rating of uaB has been assigned to the company.

July 18 Yenakievo-based Yenakievo Iron and Steel Works OJSC: a long-term credit rating has been upgraded to uaA from uaBBB. Rating`s outlook has been change to stable.

Financial sector

July 1 Kiev-based Piraeus Bank ICB OJSC: a long-term credit rating has been upgraded to uaA from uaBBB+.

July 4 Donetsk-based Bank-Familnyi LLC: a long-term credit rating has been downgraded to uaBB- from uaBB+.

ISSUE RATINGS

Municipal sector

July 16 Rubezhnoe city council: a long-term speculative grade rating of uaBB has been assigned to upcoming issue of interest-bearing bonds for the amount of UAH10m, with 5-year original maturity.

Corporate sector

July 2 Kryzhopol-based Kryazh PE: a long-term speculative grade rating of uaBB has been assigned to upcoming issue of registered interest-bearing bonds (A series) for the amount of UAH30m, with 5-year original maturity.

July 3 Kiev-based Kyivmiskbud-1 CJSC: a long-term investment grade rating of uaA has been assigned to registered housing bonds (C series) for the amount of UAH34.6m, with 1.5-year original maturity.

July 4 Odessa-based SPS-INVEST LLC: a short-term speculative grade rating of uaK4 has been assigned to registered housing bonds (C series) for the amount of UAH32m, with original maturity till Apr.30, 2009.

July 7 Kiev-based VANT LLC: a long-term speculative grade rating of uaB+ has been assigned to registered housing bonds (A-C series) for the amount of UAH291.3m, with 4.5-year original maturity.

July 7 Kiev-based INVEST-FINANCE LLC: a long-term credit rating assigned to registered housing bond issue (A, C series and B series) for the amount of UAH 39.3m and UAH 6.5m with 2-year original maturity has been downgraded to uaCCC from uaB-.

July 8 Gorodok-based Yablunevyi Dar LLC: a long-term speculative grade rating of uaBB+ has been assigned to registered interest bearing bonds (A series) for the amount of UAH50m, with 3-year original maturity.

July 8 Dnepropetrovsk-based AT Realti LLC: a long-term speculative grade rating of uaCCC has been assigned to registered housing bonds (A, B series) for the amount of UAH30,2m, with 2-year original maturity.

July 10 Kharkov-based Belyi Slon PE: a long-term speculative grade rating of uaBB- has been assigned to upcoming registered housing bonds (A series) for the amount of UAH79m, with 3-year original maturity.

July 11 Kiev-based Gamma-Consulting LLC: a long-term speculative grade rating of uaB- has been assigned to upcoming registered interest-bearing bonds (A series) for the amount of UAH10m, with 3-year original maturity.

July 14 Kiev-based Kyivsotsbud CJSC: a long-term speculative grade rating of uaBB has been assigned to registered housing bonds (A, B series) for the amount of UAH79.9m, with 2-year original maturity.

July 15 Dnepropetrovsk-based SIM-Invest LLC: a long-term speculative grade rating of uaB+ has been assigned to registered housing bonds (A-D series) for the amount of UAH190.9m, with 1.5-year original maturity.

July 17 Kovel-based Kovelmoloko OJSC: a long-term investment grade rating of uaBBB- has been assigned to upcoming issue of registered interest-bearing bonds (A series) for the amount of UAH50m, with 3-year original maturity.

July 21 Kiev-based Agrofirma Troyanfa OJSC: a long-term speculative grade rating of uaB has been assigned to upcoming issue of registered housing bonds (E-H series) for the amount of UAH127.1m, with original maturity till Dec.01, 2009.

July 22 Kharkov-based Klasykzhylbud PE: a long-term investment grade rating of uaBBB has been assigned to registered housing bonds (A-U series) for the amount of UAH36.3m, with 1.5-year original maturity.

July 23 Lvov-based Transfavorit PE: a long-term speculative grade rating of uaB has been assigned to upcoming issue of registered interest-bearing bonds (B series) for the amount of UAH10m, with 5-year original maturity.

July 25 Kiev-based Ukrtelecom OJSC: a long-term investment grade rating of uaA has been assigned to upcoming issue of registered interest-bearing bonds (B series) for the amount of UAH250m, with 3-year original maturity.

July 29 Kherson-based Ukrskloprom CJSC: a long-term speculative grade rating of uaBB assigned to registered interest-bearing bonds (A series) for the amount of UAH20m, with 7-year original maturity has been placed in CreditWatch list with developing outlook.

Financial sector

July 4 Donetsk-based Bank-Familnyi LLC: a long-term credit rating assigned to registered interest-bearing bonds (A series) for the amount of UAH25m with 2-year original maturity has been downgraded to uaBB- from uaBB+.

Credit-Rating agency has operated in the Ukrainian market since 2001 being committed to assignment of the national scale ratings . The agency has assigned 895 ratings, specifically to 689 Ukrainian companies, 155 financial institutions and 50 municipalities, and 1 corporate governance rating.

As of August 1, 2008 Credit-Rating maintains monitoring of 756 ratings, in fact 570 of corporate, 143 of financial and 43 of municipal sectors.