Moody's Investors Service присвоило рейтинг "Ваа1" ожидаемым нотам HSBK (Europe) B.V. (Нидерланды)
18.04.07 10:56
/REUTERS, Алматы, 17.04.07, заголовок KASE/ - Международное
рейтинговое агентство Moody's присвоило долгосрочный рейтинг "Ваа1"
ожидаемым нотам Халык-банка, третьего по величине в Казахстане,
говорится в сообщении агентства.
Объем выпуска будет определен с учетом рыночной конъюнктуры, а
срок обращения составит 7-10 лет, сообщило Moody's.
Прогноз рейтинга - стабильный.
Ниже приводится оригинальный текст сообщения агентства Moody's.
MOODY'S ASSIGNS BAA1 RATING TO HALYK BANK'S SENIOR NOTES
Rating outlook is stable
Moscow, April 17, 2007 - Moody's Investors Service has assigned a long-
term rating of Baa1 to the senior unsecured foreign currency notes expected
to be issued by HSBK (Europe) B.V., a Netherlands-based special-purpose
company wholly owned by Halyk Bank (Kazakhstan). The issue will be
unconditionally and irrevocably guaranteed by Halyk Bank, which is the
ultimate obligor under the transaction. The amount will be determined by
market conditions, while the tenor is likely to be in the range of seven
to ten years. The outlook for the rating is stable.
According to the terms and conditions of the notes, Halyk Bank must comply
with a number of covenants such as negative pledge, limitations on merger
and consolidation, limitation on certain transactions, and limitation on
payment of dividends, among others. Moody's notes that, while the likelihood
that any of the above-mentioned covenants being breached is relatively low
at the present time, any such occurrence could potentially have adverse
liquidity implications for the bank and might exert downward pressure on its
ratings.
Halyk Bank is headquartered in Almaty, Kazakhstan. According to its audited
IFRS financial statements for 2006, the bank reported total consolidated
assets of KZT991.4 billion (US$7.8 billion) and total shareholders' equity of
KZT120.6 billion (US$947 million) as at 31 December 2006.
London
Adel Satel
Managing Director
Financial Institutions Group
Moody's Investors Service Ltd.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
London
Armen Dallakyan
Analyst Financial Institutions Group
Moody's Investors Service Ltd.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
[2007-04-18]