Credit-Rating to Rate VESTA-Dnepr CJSC`s Bond Issue
OREANDA-NEWS On 01 November Credit-Rating, a nationally recognized credit rating agency in Ukraine announced that it commenced a procedure on assignment of a credit rating to coupon bonds (series A-C) to be issued by Dnepropetrovsk-based VESTA-Dnepr CJSC (`issuer` or `company`). The amount of the issue is to be UAH150m, with 3 Ѕ-year original maturity. The company`s principal activity is manufacturing of car rechargeable batteries. In the course of analysis Credit-Rating will consider issuer`s financial statements and its other inside information.
A credit rating assigned to issue of debt securities indicates issuer`s capacity to timely and in full meet its commitments on obligations. In the view of a rating`s level, investors may assess investment risks associated with the purchase of issuer`s bonds.