The rating agency "Credit Rating" has confirmed the long-term credit rating of the Lutsk Automobile Plant, which is part of the "Bohdan" corporation, at the uaBBB- level. The uaBBB category rating has also been confirmed for LuAZ's bonds worth 130 million hryvnias, which were issued in June of the current year, "Lutsk Investment" was informed by the press center of OJSC "LuAZ."\n\n\nThe enterprise's rating was confirmed after analyzing the full financial statements of OJSC "Lutsk Automobile Plant" for the first half of the current year.\n\n\nSeries A bonds with free circulation have been placed since June 21, 2005, in book-entry form. The underwriter and paying agent is JSCB "Ukrsotsbank." The nominal value of a bond is 1 thousand hryvnias, the issue is 130 thousand units, the issue volume is 130 million hryvnias. The circulation period is 1,820 days, from June 20, 2005, to June 12, 2010. Offers every 364 days from the issue date and with income payment every 91 days at a rate of 14 percent per annum (until the first offer).\n\n\nLuAZ made the first interest payment on the bonds in the amount of 3 million 839 thousand hryvnias on September 19 of the current year. The next interest payment on the bonds will take place on December 19, 2005.\n\n\nIt should be noted that the long-term credit rating of the uaBBB category reflects the enterprise's sufficient ability to timely and fully fulfill its obligations under the conditions of the Ukrainian financial market.\n\n\nRecall that in May of the current year, the independent rating agency "Credit Rating" announced the assignment of a uaBBB- long-term credit rating to OJSC "Lutsk Automobile Plant." LuAZ became the first enterprise in the Ukrainian automotive industry to receive such a rating.\n\n\nThe net profit of OJSC "Lutsk Automobile Plant" in the first half of the current year amounted to 84,873 thousand hryvnias, which is 2.9 times higher than this indicator for all of 2004. The "Bohdan" corporation was created for the purpose of implementing large-scale investment projects aimed at creating capacities in Ukraine for the production of motor vehicles of various types. It includes 20 companies, among which are: Lutsk Automobile Plant, JSC "Cherkasy Bus," "Hyundai Motors Ukraine," "Kia Motors Ukraine," and others.