S&P raises Ukraine’s rating to ‘B+’
S&P also noted that July’s budget revisions bring the 2010 fiscal plan in-line with the IMF’s budget deficit target of 5.5% of 2010E GDP...

• Country: Ukraine 

State moves to eliminate agro VAT exemptions
The move is likely aimed at improving state budget revenues, and we also do not rule out the initiative is a step to satisfy IMF requests...

• Country: Ukraine 
• |
• Sector: Consumer, Non-Cyclical 

• Company: Mriya Agroholding,  Sintal,  Landkom,  MCB Agricole Holding AG,  Mironivskiy Hliboproduct,  Astarta,  Kernel Group 

Motor Sich boosts 1H10 earnings 67% y/y to UAH 424mn
Motor Sich boosted 2Q10 net revenue 20.7% y/y and saw quarterly earnings edge 2.1% higher...

• Country: Ukraine 
• |
• Sector: Industrial 

• Company: Motor Sich 

IUD bags US$ 300mn loan
We expect the newly attracted funds will be mainly used to pay off fines related to breaches of contracts in 2008-09 at IUD’s subsidiaries...

• Country: Ukraine 
• |
• Sector: Basic Materials 

• Company: Alchevsk Iron&Steel,  DMK Dzerzhinskogo Steel 

MHP to start poultry exports to Russia in August
The company’s annual export target amounts to 7-9% of our FY10 output forecast and could add around 4-5% to our FY10 EBITDA...

• Country: Ukraine 
• |
• Sector: Consumer, Non-Cyclical 

• Company: Mironivskiy Hliboproduct