OREANDA-NEWS. On 06 February 2009 was announced, that January saw 12 ratings assigned by Credit-Rating, 8 ratings have been downgraded, outlooks on 13 ratings have been revised, 17 ratings have been suspended, 5 ratings have been withdrawn and 20 ratings have been placed on Rating Watch List.

COUNTERPARTY RATINGS

Corporate sector

January 14 Karavan LLC ( Kiev): a long-term investment grade rating of uaBBB+ has been assigned to the company.

January 15 RUSH LLC (Dnepropetrovsk): a long-term speculative grade rating of uaBB has been assigned to the company.

January 16 Omega LLC (Dnepropetrovsk): a long-term speculative grade rating of uaBB has been assigned to the company.

January 19 City.com LLC (Kiev): the company`s long-term speculative grade rating of uaBB has been affirmed.

January 19 Luganks Pipe Works CJSC (Lugansk): a long-term speculative grade rating of uaBB has been assigned to the company.

January 26 Insakharprom-K LLC (Odessa): a long-term speculative grade rating of uaBB has been assigned to the company. The outlook on the rating is negative.

January 28 Bayadera PE (Donetsk Oblast): a long-term investment grade rating of uaBBB has been assigned to the company. The outlook on the rating is positive.

January 29 Furshet CJSC (Kiev): a long-term investment grade rating of uaBBB has been assigned to the company. The outlook on the rating is positive.

January 30 Makariv Battery Farm LLC (Kiev Oblast): a long-term speculative grade rating of uaBB has been assigned to the company.

Financial sector

January 21 Nadra CB OJSC (Kiev): a long-term rating of uaBB has been restored. The outlook on the rating is developing.

January 21 Pritchernomorye CB OJSC (Dnepropetrovsk): a long-term rating has been downgraded to uaBB- with negative outlook. The rating was placed on Rating Watch List.

January 22 Ukrprombank LLC (Kiev): a long-term rating has been downgraded to uaBB-. The outlook on the rating is negative. The rating has been placed on Rating Watch List.

January 30 Dnister OJSC: a long-term rating has been downgraded to uaBBB-. The outlook on the rating is negative.

January 30 National Standard OSJC: a long-term rating has been downgraded to uaBB- . The outlook on the rating is negative

January 30 Bank for Regional Development JSB: a long-term rating has been downgraded to uaBB-. The outlook on the rating is negative

January 30 Kyiv JSCB: a long-term rating has been downgraded to uaBBB-. The outlook on the rating is negative. The rating has been placed on Rating Watch List.

January 30 Bank Petrocommerce-Ukraine: the outlook of a long-term rating uaA- has been changed to negative from stable.

January 30 Evropeyskyi JSCB: the outlook of a long-term rating uaBBB- has been changed to negative from stable.

January 30 Megabank OJSC: the outlook of a long-term rating uaA- has been changed to negative from stable.

January 30 Nadra CB OJSC: the outlook of a long-term rating uaBB has been changed to negative from developing. The rating has been placed on Rating Watch List.

January 30 Avtokrazbank: a long-term rating uaBBB- with negative outlook has been placed on Rating Watch List.

January 30 Stolytsya CB LLC: a long-term rating uaBBB- with negative outlook has been placed on Rating Watch List.

January 30 Tavrika JSCB: a long-term rating uaBBB with negative outlook has been placed on Rating Watch List.

January 30 Transbank JSCB: a long-term rating uaBBB- with negative outlook has been placed on Rating Watch List.

January 30 Terra Bank CJSC: a long-term rating uaBBB- with negative outlook has been placed on Rating Watch List.

January 30 Ukrinbank JSC: a long-term rating uaBBB with negative outlook has been placed on Rating Watch List.

January 30 Ukrgasbank OJS: a long-term rating uaA with negative outlook has been placed on Rating Watch List.

ISSUE RATINGS

Corporate sector

January 19 City.com LLC (Kiev): a long-term rating assigned to company`s UAH50m issue of registered coupon bonds (series A) due Jul. 4, 2011 has been affirmed at uaBB with negative outlook. The rating has been placed on Rating Watch List.

January 20 Ukrtelecom OSJC (Kiev): a long-term investment grade rating of uaA has been assigned to upcoming UAH250m 5-year issue of registered coupon bonds (series C-G). The agency has also assigned a long-term credit rating of uaA to company`s upcoming UAH250m 1 Ѕ-year issue of registered discount bonds (series H-I). The outlook on both ratings is negative.

January 22 Trest Zhytlobud-1 OJSC (Kharkiv): a short-term speculative grade rating of uaK4 (provisional) to upcoming UAH30.9m issue of registered housing bonds (series D4-B5) due June 29, 2009

January 23 Budinvest SM CJSC (Poltava): a long-term speculative grade rating of uaB+ (provisional) has been assigned to upcoming UAH53.5m issue of registered housing bonds (series F-H) due Jan. 31, 2012.

Financial sector

January 21 Pritchernomorye CB OJSC (Dnepropetrovsk): a long-term rating assigned to UAH10m issue of registered coupon bonds (series A-C) has been downgraded to uaBB-. The outlook on the rating is negative. The rating has been placed on Rating Watch List.

January 30 Dnister OJSC: a long-term rating assigned to UAH40m issue of registered bonds (series A) has been downgraded to uaBBB-. The outlook on the rating is negative.

January 30 Ukrgasbank OJS: a long-term rating assigned to UAH50m issue of mortgage-backed bonds (series B) has been downgraded to uaA . The outlook on the rating is negative. The rating has been placed on Rating Watch List.

January 30 Ukrgasbank OJS: a long-term rating uaA assigned to UAH300m issue of bonds (series A, D, E) with negative outlook has been placed on Rating Watch List.

January 30 Evropeyskyi JSCB: the outlook of a long-term rating uaBBB- assigned to UAH20m issue of bonds (series A) has been changed to negative from stable.

January 30 Megabank OJSC: the outlook of a long-term rating uaA- assigned to UAH225m issue of bonds (series C-F) has been changed to negative from stable.

January 30 Stolytsya CB LLC: a long-term rating uaBBB- assigned to UAH50m issue of bonds (series A) with negative outlook has been placed on Rating Watch List.

January 30 Terra Bank CJSC: a long-term rating uaBBB- assigned to UAH20m issue of bonds (series A) with negative outlook has been placed on Rating Watch List.

January 30 Ukrinbank JSC: a long-term rating uaBBB assigned to UAH100m issue of bonds (series A) with negative outlook has been placed on Rating Watch List.

Credit-Rating agency has operated in the Ukrainian market since 2001 being committed to assignment of the national scale ratings. The agency has assigned 1022 ratings, specifically to 799 Ukrainian companies, 166 financial institutions and 56 municipalities and their debts, and 1 corporate governance rating.

As of Feb. 1, 2009 Credit-Rating maintains monitoring of 838 ratings, in fact 647 of corporate, 142 of financial and 48 of municipal sectors.