"Expert Rating" rating agency confirms the credit rating of VAB Leasing bonds

21.08.2012 RA  "Expert Rating" confirmed the rating of VAB Leasing bond issue at the level of uaBBB+ according to the national scale on the results of  1st half of 2012. Separate debt instrument with uaBBB + rating is characterized by sufficient creditworthiness in comparison with other Ukrainian borrowers or debt liabilities. This level of creditworthiness depends on adverse changes of business, financial and economic conditions.

In the first half of the year VAB Leasing lead active policy to attract new clients, which gave revenue growth at the level of 82% compared to the same period in 2011, net income for the same period is increased by 45%.

Also it is marked the tendency to reduce the debt burden. Thus, compared to the first half 2011 VAB Leasing liabilities are decreased for 26%. While bank loans are decreased in two times.

Equity growth for 17%, up to 68.7 million UAH, with decrease in the total amount of debt has increased the ratio between equity and liabilities by 24 p.p. compared to the end of the first half of 2011.

More information about RA "Expert Rating" assessment is available at the link: http://vab.ua/rus/about/achievements

VAB Leasing is registered in November 2005. VAB Leasing provides financial leasing services of transport (cars, trucks, buses), machinery, equipment to legal entities and individuals. VAB Leasing charter capital is 35.35 million UAH.