Moody's Investors Service присвоило рейтинг "Ваа1" планируемым нотам Kazkommerts International B.V. (Нидерланды)
01.02.07 09:51
/REUTERS, 31.01.07, заголовок ИРБИС/ - Международное рейтинговое
агентство Moody's Investors Service присвоило долгосрочный рейтинг в
иностранной валюте "Baa1" планируемому выпуску нот
Казкоммерцбанка, осуществляемому в рамках программы
заимствований на $3 миллиарда, говорится в сообщении Moody's.
Объем выпуска, цена и срок обращения нот будут зависеть от условий
на рынке.
Прогноз изменения рейтинга - стабильный.
Ниже приводится оригинальный текст сообщения агентства Moody's.
MOODY'S ASSIGNS BAA1 RATING TO KAZKOMMERTS' SENIOR NOTES
Moscow, January 31, 2007 - Moody's Investors Service has assigned a long-
term foreign currency debt rating of Baa1 to the upcoming drawdown of
senior unsecured notes issued under the US$3 billion Guaranteed Debt
Issuance Programme of Kazkommerts International B.V. These notes will be
unconditionally and irrevocably guaranteed by JSC Kazkommertsbank
(Kazakhstan) (KKB) and will represent unsubordinated and unsecured
obligations of the Issuer and the Guarantor. The amount, tenor and the price
of the notes will be determined by market conditions. The outlook for the
rating is stable.
Moody's notes that according to the terms of the programme, Kazkommerts
International B.V. and KKB will have to comply with a number of covenants
such as negative pledge and a limitation on certain transactions. KKB will
also have to comply with limitation on payment of dividends.
Moody's notes that the level of the rating reflects the important role KKB
plays in the country's economy. KKB is the largest bank in Kazakhstan, and
has been able to develop an important franchise in the domestic market. The
rating agency regards the likelihood of KKB receiving support from the
Kazakh financial authorities in case of distress as very high, and as the
primary driver of the rating.
KKB is headquartered in Almaty, Kazakhstan, and reported unaudited total
assets of KZT1,492 billion (US$11.65 billion) and total shareholders' equity of
KZT121.8 billion (US$951.5 million) under IFRS as at 30 September 2006.
Kazkommerts International B.V. is the bank's funding vehicle domiciled in the
Netherlands.
London
Adel Satel
ManagingDirector
Financial Institutions Group
Moody's Investors Service Ltd.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
Moscow
Vladlen Kuznetsov
Asst Vice President - Analys
Financial Institutions Group
Moody's Eastern Europe
Telephone: +7 495 641-1881
Facsimile: +7 495 641-1897
[2007-02-01]