Moody's присвоило рейтинг "А3" Евразийскому банку развития

/REUTERS, 01.02.07/ - Международное рейтинговое агентство Moody's присвоило долгосрочный рейтинг эмитента "А3" российско- казахстанскому межгосударственному Евразийскому банку развития, говорится в сообщении Moody's. Банку также присвоен краткосрочный рейтинг эмитента "Р-2". Прогноз изменения рейтингов - стабильный. "Рейтинг "А-3" основан на сильной капитализации банковского института, его значительной ликвидности и ожиданиях высокой отдачи от активов", - говорит помощник вице-президента Moody's Джоан Фельдбаум-Видра. Ниже приводится оригинальный текст сообщения агентства Moody's. MOODY'S RATES EURASIAN DEVELOPMENT BANK A3 New York, February 01, 2007 -- Moody's has assigned the recently established Eurasian Development Bank (EDB) a long-term issuer rating of A3 and a short-term issuer rating of P-2. The outlook on the ratings is stable. "The A3 rating is based on the strong capitalization of the institution, its ample liquidity and the expectation of a well-performing portfolio of operating assets," said Moody's Assistant Vice President Joan Feldbaum-Vidra, describing the new institution which just began operations in June 2006. "The rating reflects the bank's preferred creditor status and the support expected to be provided by the bank's two member governments, Russia and Kazakhstan, both rated Baa2 by Moody's, in the event of need." Russia is to contribute two-thirds of the bank's authorized $1.5 billion of capital, and Kazakhstan, the remaining one-third. The bank's capital is all in the form of paid-in capital and, unlike many other multilateral development banks, the EDB has no callable capital. All capital payments are scheduled to be received by end-2008, if not earlier because of the healthy financial positions of the member governments. Headquartered in Almaty, Kazakhstan, EDB was established to foster integration and development of the Eurasian Economic Community (EurAsEC), whose members include the Russian Federation and Kazakhstan as well as Kyrgyzstan, Tajikistan, Belarus, and Uzbekistan. "As Russia and Kazakhstan are the largest and most economically developed economies in the region," Feldbaum-Vidra said, "the bank's assets will be concentrated in these two members although as much as one-third could be in the other EurAsEC countries." The bank will extend loans and equity investments primarily for infrastructure projects with a maximum maturity of 15 years. The bank's management expects operating assets to grow to $3.5 billion by the end of 2009, and a similar accumulation of debt. It expects total assets to grow to $5.5 billion by that date. EDB plans to maintain an active Treasury portfolio which will contribute to its profitability. All operations of the bank are to be conducted on commercial terms. As a multilateral institution, the bank enjoys immunity from prosecution and is exempted from taxes. "Support by member governments through capital increases will be a crucial factor determining the EDB's rating prospects," said the analyst. "The bank's rating prospects will depend also on how the institution manages its profitability, capitalization and leverage," said Feldbaum-Vidra. "As a new institution, EDB's track record has yet to be established." New York Vincent Truglia Managing Director Sovereign Risk Unit Moody's Investors Service JOURNALISTS: 212-553-0376 SUBSCRIBERS: 212-553-1653 New York Guido Cipriani Senior Vice President - Team Leader Sovereign Risk Unit Moody's Investors Service JOURNALISTS: 212-553-0376 SUBSCRIBERS: 212-553-1653 New York Joan Feldbaum-Vidra Analyst Sovereign Risk Unit Moody's Investors Service JOURNALISTS: 212-553-0376 SUBSCRIBERS: 212-553-1653 [2007-02-02]