Fitch присвоило рейтинг "ВВ" планируемым нотам Kazkommerts Finance 2 B.V. на $150 млн

/REUTERS, 21.07.06, заголовок ИРБИС/ - Международное рейтинговое агентство Fitch присвоило долгосрочный рейтинг "ВВ" планируемому выпуску субординированных нот Казкоммерцбанка на $150 миллионов с погашением в июле 2016 года, говорится в сообщении агентства. Ниже приводится оригинальный текст сообщения Fitch. FITCH ASSIGNS KAZKOMMERTSBANK'S SUBORDINATED NOTES 'BB' RATING Fitch Ratings-London/Moscow-21 July 2006: Fitch Ratings has today assigned Kazkommerts Finance 2 B.V.'s 8.625% USD150 million upcoming issue of limited recourse loan participation notes due July 2016, with interest rate step-up in 2011, a Long-term rating of 'BB'. The notes are to be used solely for financing a subordinated loan to Kazakhstan's Kazkommertsbank ("KKB") under a subordinated loan agreement. The issuer will only pay noteholders amounts (principal and interest), if any, received from KKB under the subordinated loan agreement. KKB has a foreign currency Issuer Default rating ("IDR") of 'BB+' with Stable Outlook, and the 'BB' rating of the subordinated notes is in line with Fitch's standard notching practice for subordinated instruments of issuers with IDRs of BB-' (BB minus) or higher. Where an issuer's IDR is lower than 'BB-' (BB minus), notching for subordinated issues may widen, depending on Fitch's assessment of expected recoveries. For further information, please refer to Fitch's announcements of 27 July 2005 ('Fitch Launches Recovery Rating and Issuer Default Rating Scales') and 27 September 2005 ('Fitch Releases Report on Recovery Ratings Methodology for Banks'), available on www.fitchratings.com. The issuer's claims in relation to repayment of the subordinated loan will be junior to those of all senior claims and will rank at least pari passu with the claims of other subordinated creditors of KKB. The interest rate will be fixed, with a step-up after five years. KKB will have the right to prepay the subordinated loan five years before maturity. KKB (other ratings foreign currency Short-term 'B', local currency Issuer Default BBB-' (BBB minus)/Stable Outlook, local currency Short-term 'F3', Individual C/D', Support '3') was the largest commercial bank in Kazakhstan by IFRS assets at end-2005 and has top three positions in all major market segments. Contact: Alexei Kechko, James Watson, Moscow, Tel: +7 495 956 9901. Media Relations: Julian Dennison, London, Tel: +44 20 7862 4080; Alla Izmailova, Moscow, Tel: +7 495 956 9903 [2006-07-21]