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LOMO

July 5, 2004

Bonds of LOMO took the rate

Authoritative rating agency "Expert RA" has given to bonded loan of series 02 (state registration number of issue is 4-02-00074-A) of LOMO PLC rate B. 

   Rate B means that reliability of bonds of LOMO is estimated as satisfactory on the whole, although its level yields to average on this rating class. Analysis of indexes of production and commercial activity, financial stability and also of level of corporate management of the emitter in the period of circulation of bonds says about absence of problems. Risk of complete or partial refusal of emitter to fulfil obligations is considered as acceptable.

   Rating estimation takes into consideration the leading positions of LOMO among Russian companies headed for output of optical devices and equipment, opportunity to receive high-profitable export civil and defence products and also sufficient level of diversification of production.

   We remind that rating estimation is given to the second emission of bonds of LOMO, placed at the open subscription. Previous bonded loan of the company was successfully paid off to the stipulated time.

 

 

 

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