The independent rating agency "Credit-Rating" announced the assignment of a long-term credit rating of "uaBBB-" to the passenger and truck vehicle manufacturer - OJSC "Lutsk Automobile Plant". \nAs LIGABiznesInform was informed at the "Credit-Rating" company, during the analysis the agency used the issuer's full financial statements for 2001-2004 and the first quarter of 2005, as well as internal information provided by the company. During 2003-2004, the net sales volume of products and the net profit volume of OJSC "Lutsk Automobile Plant" grew substantially and as of the end of 2004 amounted to UAH 846 million and UAH 29.5 million, the financial result for the first quarter of the current year amounted to UAH 40.6 million. \nThe agency also took into account the activity of OJSC "Lutsk Automobile Plant" from the late 1990s to 2003; the share of production cost in net income over the past 2 years is high and fluctuates at the level of 92.7%. Currently, the liquidity indicators of OJSC "Lutsk Automobile Plant" are at a low level, although a trend toward their increase is observed. At the same time, the variability of national legislation makes the development of the Ukrainian automobile market poorly predictable, complicates the development of automobile manufacturing in Ukraine, as well as the implementation of the issuer's strategic program. \nToday, OJSC "Lutsk Automobile Plant" is of strategic importance for the development of the region's economy and for Ukrainian automobile manufacturing. The enterprise has an investment program approved by the Cabinet of Ministers of Ukraine, which, in the event of restoration of benefits for automobile manufacturers, will place LUAZ in a more advantageous position. \nIn addition, "Credit-Rating" announced the assignment of a long-term credit rating of "uaBBB-" to the issue of registered interest-bearing bonds of OJSC "Lutsk Automobile Plant" in the amount of UAH 130 million, with a circulation period of 5 years. \n