OREANDA-NEWS. On 06 March 2009 was announced, that February saw 5 ratings assigned by Credit-Rating, 1 rating has been upgraded, 12 ratings have been downgraded, outlooks on 9 ratings have been revised, 9 ratings have been suspended, 8 ratings have been withdrawn and 10 ratings have been placed on Rating Watch List.

COUNTERPARTY RATINGS

Municipal sector

February 9 City of Kramatorsk: the city`s long-term rating has been placed on Rating Watch List. The rating outlook has been changed to negative from stable.

February 27 City of Kramatorsk: the city`s long-term rating has been removed from Rating Watch List . The outlook on the rating is negative.

Corporate sector

February 3 Sumykhimprom OJSC (Sumy): a long-term counterparty speculative grade rating of uaBB has been assigned to the company.

February 4 Proviant LLC (Chernihiv): a long-term counterparty speculative grade rating of uaB+ has been assigned to the company.

February 9 Nidan+ LLC (Kiev): a long-term counterparty speculative grade rating of uaBB+ has been assigned to the company.

February 11 Insakharprom-K LLC (Odessa): the company`s long-term credit rating has been downgraded to uaCCC from uaBB. The outlook on the rating is negative.

February 16 Agro PE (Lugansk): the company`s long-term credit rating has been downgraded to uaCCC from uaBB. The outlook on the rating is negative.

February 16 Kirovogradoblenergo OJSC (Kirovograd): a long-term counterparty investment-grade rating of uaBBB has been assigned to the company.

February 17 Iboya LLC (Dnepropetrovsk): the company`s long-term credit rating has been downgraded to uaBB from uaBB+. The outlook on the rating is negative. The rating has been placed on Rating Watch List.

February 18 MAUP CJSC (Kiev): a long-term investment grade rating of uaBBB+ has been assigned to the institution.

February 19 Kross-p/f Zorya LLC (Kharkiv Oblast): a long-term speculative grade rating of uaBB has been assigned to the company.

February 20 Yuzhnaya-Holding LLC (Crimea): a long-term counterparty speculative grade rating of uaBB has been assigned to the company.

February 20 Karavan LLC (Kiev): a long-term investment grade rating of uaBBB+ has been placed on Rating Watch List. The outlook on the rating has been changed to negative from stable.

February 23 Odessaoblenergo OJSC (Odessa): a long-term speculative grade counterparty rating of uaBB has been assigned to the company.

February 24 Makariv Battery Farm LLC (Kiev Oblast): a long-term speculative grade counterparty rating of uaBB has been assigned to the company.

Financial sector

February 12 Kyiv JSCB (Kiev): the bank`s long-term rating has been downgraded to uaBB- from uaBBB-. The outlook on the rating is negative. The rating has been removed from Rating Watch List.

ISSUE RATINGS

Municipal sector

February 9 Kramatorsk City Council: the long-term credit rating assigned to UAH15m issue of coupon bonds (series 1-A) has been placed on Rating Watch List. The outlook on the rating has been changed to negative from stable.

February 27 Kramatorsk City Council: the long-term credit rating assigned to UAH15m issue of coupon bonds (series 1-A) has been removed from Rating Watch List. The outlook on the rating is negative.

Corporate sector

February 5 SPS Holding LLC (Odessa): a long-term speculative grade rating of uaB- has been assigned to upcoming UAH205.7m issue of registered housing bonds (series A) due Sep. 29, 2011.

February 6 Nikopol Steel Pipe Works YUTiST CJSC (Nikopol): the long-term credit rating assigned to UAH50m issue of registered coupon bonds (series A) has been downgraded to uaB from uaC. The outlook on the rating is negative.

February 10 Runicom Budinvest LLC (Odessa): a long-term speculative grade rating of uaCCC (provisional) has been assigned to UAH305.3m issue of registered housing bonds (series A, B) due March 31, 2010.

February 11 Insakharprom-K LLC (Odessa): the long-term credit rating assigned to UAH50m issue of registered coupon bonds (series A) due Apr. 21, 2010 has been downgraded to uaBB from uaCCC. The outlook on the rating is negative.

February 13 HK Systemni Investytsiyi LLC (Kiev): a long-term speculative grade rating of uaB- (provisional) has been assigned to UAH85.2m issue of registered housing bonds (series A-C) due Oct. 1, 2010.

February 16 Agro PE (Lugansk): a long-term credit rating assigned to UAH50m issue of registered coupon bonds due Oct. 28, 2010 has been downgraded to uaCCC from uaBB.

February 17 Iboya LLC (Dnepropetrovsk): the long-term rating assigned to UAH40m issue of registered coupon bonds (series A) due Jan. 30, 2012  has been downgraded to uaBB from uaBB+. The outlook on the rating is negative. The rating has been placed on Rating Watch List.

February 20 Yuzhnaya-Holding LLC (Crimea): a long-term speculative grade rating of uaBB has been assigned to UAH130m 5-year issue of registered coupon bonds (series A).

February 20 Karavan LLC (Kiev): a long-term credit rating of uaBBB+ assigned to assigned to two issues of registered coupon bonds (series A in the amount of UAH30m due May 6, 2009 and series C in the amount of UAH130m due June 27, 2011) has been placed on Rating Watch List. The outlook on the ratings has been changed to negative from stable.

February 23 K and FD LLC (Dnepropetrovsk): the long-term credit ratings assigned to issues of registered coupon bonds (series A in the amount of UAH25m due March 5, 2016 and series B in the amount of UAH72.5m due June 29, 2010) have been downgraded to uaB from uaBB.

February 24 Makariv Battery Farm LLC (Kiev Oblast): a long-term speculative grade rating of uaBB has been assigned to UAH90m 5-year issue of registered coupon bonds.

February 25 AS-MVK LLC (Kiev): a long-term speculative grade rating of uaCCC (provisional) has been assigned to UAH78.6m issue of registered housing bonds (series A-D) due Dec. 31, 2012.

February 26 Garant Express Oil LLC (Poltava): a long-term speculative grade rating of uaCCC (provisional) has been assigned to UAH30m 5-year issue of registered coupon bonds (series A).

Credit-Rating agency has operated in the Ukrainian market since 2001 being committed to assignment of the national scale ratings. The agency has assigned 1029 ratings, specifically to 806 Ukrainian companies, 166 financial institutions and 56 municipalities and their debts, and 1 corporate governance rating.

As of March 01, 2009 Credit-Rating maintains monitoring of 834 ratings, in fact 648 of corporate, 137 of financial and 48 of municipal sectors.