BRK Leasing JSC (Kazakhstan) informed about conferring to it by Moody's Investors Service agency of ratings Ba3/Not-Prime, forecast "Stable"
31.10.07 11:53
/KASE, October 31, 07/ - Press-service of BRK Leasing JSC (Astana),
being the daughter organization of Kazakhstan Bank of Development JSC
(Astana), had spread the press-release with next contention:
Quotation begin
International rating agency Moody's Investors Service for the first time had
conferred state leasing company BRK-Leasing JSC (daughter organization
of Kazakhstan Bank of Development JSC) with long-term and short-term
ratings in foreign and national currency at the level Ba3/Not-Prime. Forecast
"stable".
As it is noted by the experts of rating agency, while confirmation of rating
was considered the important role of BRK-Leasing JSC as state company,
main task of which is support of development of priority fields of economy of
Kazakhstan by leasing financing of investment wide projects for renewing of
main funds of enterprisers and creation of new production in Republic of
Kazakhstan.
Commenting the decision of rating agency, Chairman of Board of of BRK-
Leasing JSC Yerkhat Iskaliyev had noted that BRK-Leasing JSC will
continue to fund mainly from mother company Kazakhstan Bank of
Development, which will be the main source of financing and suing the
accepted rating is planning to activize the work for trade financing under
insurance coverage of ECA, and in perspective will start the securitization of
leasing deals of railway rolling-stock, park of air and water transport with
entering to RFCA floor.
BRK-Leasing JSC was created on September 6, 2005, enters the system of
Fund for stable development Kazyna JSC. Sole shareholder of the Company
is Kazakhstan Bank of Development JSC.
Authorized capital of BRK-Leasing JSC as of October 1, 07 makes KZT6.5
bn., volume of assets is equal to KZT11.4 bn. As of October 1, 07 35
projects for the total amount of $397.91 m. were approved for financing,
from them participation of state company makes $168.81 m.
Press-service of BRK-Leasing JSC
Tel. 8 (7172) 59-22-67
Fax. 8 (7172) 59-23-97
www.kdbl.kz
Quotation end
[2007-10-31]