As of July 27, the independent rating agency "Credit-Rating" left unchanged the long-term credit rating of category uaBBB of OJSC "Lutsk Automobile Plant", which is part of the "Bohdan" corporation. \n"The stability of the credit rating was expected by us," noted Volodymyr Hunchyk, Chairman of the Supervisory Board of LuAZ, member of the board of directors of the "Bohdan" corporation. According to him, LuAZ has every opportunity to raise its rating in the near future, because the enterprise's production program is growing. "The enterprise today has no negative trends that could be associated with a decrease in the corresponding rating level," he added. \n \nIt should be noted that the long-term credit rating of category uaBBB reflects the sufficient ability of the enterprise to timely and fully fulfill its obligations under the conditions of the Ukrainian financial market. \n \nRecall that in May of this year, the independent rating agency "Credit Rating" announced the assignment of a long-term credit rating of uaBBB to OJSC "Lutsk Automobile Plant". \n \nThe Lutsk Automobile Plant became the first enterprise of the Ukrainian automotive industry to receive a long-term credit rating. \n \nIn February of this year, the Lutsk Automobile Plant became part of the "Bohdan" corporation, which 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. \n \nThe revenue of the Lutsk Automobile Plant in 2004 amounted to 846.5 million hryvnias, while the plant's net profit exceeded 29.5 million hryvnias. Thus, LuAZ took a leading position in the "TOP-100. Best Companies of Ukraine" rating, which is compiled by the financial and economic weekly "InvestGazeta". \n
The credit rating of the Lutsk Automobile Plant remains stable
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