RNS Number : 1843C
R.G.I. International Limited
09 November 2009
R.G.I. International Limited ("RGI" or the "Company")
Standard & Poor's Maalot puts RGI's unsecured series A bonds on credit watch
Standard & Poor's Maalot ("S&P"), the wholly owned Israeli subsidiary of S&P, announced on 08 November 2009 that it has placed the Company's unsecured Series A 8.7% bonds (the "Bonds") on its credit watch list. The Bonds current rating is ilBBB+/negative and remains unaltered.
Citing continuing uncertainty regarding the Russian market, and the prospects of recovery, S&P stated that although a liquidity problem is not foreseeable in the near future, the delay in the completion of the Company's projects resulting from the crisis in the Russian markets might further delay the Company from obtaining a positive cash flow.
Enquiries:
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R.G.I. International Limited
Emanuel Kuzinets, Director
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+44 1481 725729
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Citigate Dewe Rogerson - Financial PR Advisers
Tom Baldock
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+44 20 7282 2889
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Shore Capital - Nominated Adviser
Dru Danford
Pascal Keane
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+ 44 20 7408 4090
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