Klin Rayon 'CCC-/ruCCC' Ratings Withdrawn At Issuer's Request
February 6, 2009 "Standard & Poor's"
MOSCOW (Standard & Poor's) Feb. 6, 2009--Standard & Poor's Ratings Services said today that it withdrew its 'CCC-' long-term issuer credit and 'ruCCC' national scale ratings on Klin Rayon, located in the Moscow Oblast (SD/--/--), at the request of the issuer.
At the same time, also at the issuer's request, Standard & Poor's withdrew its 'CCC-' and 'ruCCC' ratings on the Russian ruble 300 million ($8.2 million) senior unsecured bonds, maturing in 2010, which were issued by Klin Rayon.
The ratings were placed on CreditWatch with developing implications on Nov. 18, 2008.
"Due to a lack of necessary information, Standard & Poor's was unable to resolve the CreditWatch or determine the final ratings prior to withdrawing them," said Standard & Poor's credit analyst Boris Kopeykin.
Company — Klin District