Fitch присвоило ожидаемым евробондам Kazkommerts International B.V. рейтинг "ВВ+"
10.11.06 17:16
/REUTERS, 10.11.06, заголовок KASE/ - Рейтинговое агентство Fitch
в пятницу присвоило ожидаемым 10-летним евробондам казахстанского
Казкоммерцбанка предварительный рейтинг "ВВ+".
Выпуск планируется в рамках программы, общий объем которой был
увеличен до $3,0 миллиарда с $1,5 миллиарда.
Объем выпуска неизвестен.
Ниже приводится оригинальный текст сообщения агентства Fitch
Ratings.
FITCH ASSIGNS KAZKOMMERTSBANK'S EUROBOND EXPECTED 'BB+' RATING
Fitch Ratings-London/Moscow-10 November 2006: Fitch Ratings has today
assigned Kazkommerts International B.V.'s upcoming senior unsecured ten-
year USD notes issue an expected Long-term 'BB+' rating. The issue will be
made under the USD3 billion (increased from the former amount of
USD1.5bn) guaranteed debt issuance programme, rated Long-term 'BB+' (for
foreign currency notes with maturities in excess of one year) and Short-term
B' (for foreign currency notes with maturities of less than one year).
The notes under the programme are unconditionally and irrevocably
guaranteed by Kazakhstan's Kazkommertsbank ("KKB"), rated foreign
currency Issuer Default 'BB+' with a Stable Outlook. The final ratings are
contingent upon receipt of final documentation conforming materially to
information already received.
KKB's guarantee of the notes will rank at least equally with all present
or future unsecured and unsubordinated obligations of the bank, save those
preferred by relevant provisions of law and of general application. Under
Kazakhstani law, the claims of retail depositors rank above those of other
senior unsecured creditors. At end-H106, retail deposits accounted for 11%
of KKB's total liabilities, based on the bank's audited International
Financial Reporting Standards ("IFRS") financial statements.
Terms and conditions of the programme can be found in Fitch's statement
dated 20 October 2005 on the agency's website at www.fitchratings.com.
KKB was the largest commercial bank in Kazakhstan by IFRS assets at end-
H106 and has top three positions in all major market segments. Its other
ratings are Short-term foreign currency 'B', local currency Issuer Default
BBB-' (BBB minus)/Stable Outlook, Short-term local currency 'F3', Individual
C/D' and Support '3'.
Contacts:
James Watson, Moscow, Tel: +7 495 956 9901.
Media Relations:
Mayra Cunningham, London, Tel: +44 20 7417 3557;
Alla Izmailova, Moscow, Tel: +7 495 956 9903.
[2006-11-10]