Cbonds.Info - S&P: Ukraine Agri-Business Creativ Assigned 'B-' Rating After Loan Extension; Outlook Positive:
"Standard & Poor's Ratings Services today assigned its 'B-' long-term corporate credit rating to Ukraine-based agri-business Creativ Group OJSC. The outlook is positive.
At the same time, we withdrew our preliminary 'B-' issue rating and our recovery rating of '4' on the proposed $400 million senior notes that were not issued.
The rating on Creativ is based on our assessment of the group's business risk profile as "weak" and its financial risk profile as "highly leveraged.""
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