S&P присвоило рейтинги АО "Темiрбанк" (Казахстан) и его будущим еврооблигациям

/REUTERS, 13.11.06, заголовок KASE/ - Международное рейтинговое агентство Standard & Poor's присвоило казахстанскому Темирбанку кредитные рейтинги "B+/B" по международной и "kzBBB+" национальной шкале, со стабильным прогнозом, говорится в сообщении агентства. Одновременно S&P присвоило предварительный рейтинг "B+" номинированным в долларах США евробондам, которые будут выпущены в ноябре базирующейся в Нидерландах компанией Temir Capital B.V. и гарантированы Темирбанком. Ранее лид-менеджер выпуска Standard Bank сообщил, что начнет роуд-шоу этих евробондов 6 ноября в Гонконге. По данным Казахстанской фондовой биржи, объем выпуска составит до $250 миллионов. Ниже приводится оригинальный текст сообщения агентства Standard & Poor's. Kazakhstan-Based Temirbank 'B+/B' And 'kzBBB+' Ratings Assigned; Outlook Stable LONDON (Standard & Poor's) Nov. 13, 2006--Standard & Poor's Ratings Services said today that it assigned its 'B+/B' counterparty credit and 'kzBBB+' national scale ratings to Kazakhstan-based Temirbank JSC. The outlook is stable. At the same time, Standard & Poor's Ratings Services assigned its preliminary B+' senior unsecured debt rating to the proposed U.S. dollar-denominated bond to be issued by Temir Capital B.V., a Netherlands-based special purpose vehicle, in November 2006. The bond issue is guaranteed by Temirbank. "The ratings on Temirbank JSC reflect its ambitious strategy and short track record, as well as its small size, which exposes it to high funding risk, and to a lesser extent, credit concentration risks," said Standard & Poor's credit analyst Magar Kouyoumdjian. The ratings also reflect the improving, but still vulnerable, domestic economic environment of the Republic of Kazakhstan (foreign currency, BBB/Stable/A-3; local currency, BBB+/Stable/A-2) to which the bank--together with the rest of the Kazakh banking sector--is exposed. These negative factors are somewhat mitigated by the bank's strengthening franchise, good business prospects, and its supportive shareholder. Temirbank's strategic importance to its parent, Bank TuranAlem (BTA; BB/Stable/B), is a positive rating factor. Although the bank received several capital increases in the past, these have been only enough to maintain capitalization at its current marginal level. The stable outlook reflects Standard & Poor's expectation that Temirbank's franchise and market position will continue to improve, enabling the bank to sustain business and revenue growth. Ongoing projects to implement recognized loan underwriting, and monitoring systems and practices should enable business to grow in a prudent manner. "The ratings could be raised if Temirbank were to demonstrate improvement in its market position, core profitability, capitalization, and diversification among deposits," added Mr. Kouyoumdjian. However, like most of its peers, Temirbank is vulnerable to potential adverse changes in the Kazakh economy and any consequent increase in problem loans or liquidity problems, which could exert pressure on its ratings. Для получения более подробной информации: Лондон, 44 (20) 7 176-72-06 Лондон, 44 (20) 7 176-72-17 Адреса электронной почты: media_europe@standardandpoors.com. [2006-11-14]