Moody's снизило долговые рейтинги АО "Казкоммерцбанк" (Казахстан)

/REUTERS, Москва, 22.06.07, заголовок KASE/ - Международное рейтинговое агентство Moody's снизило долговые рейтинги крупнейшего банка Казахстана - Казкоммерцбанка, говорится в сообщении агентства. Приоритетный необеспеченный рейтинг по займам в иностранной валюте снижен до "Baa2/P-2" с "Baa1/P-2"; рейтинг субординированного долга, обеспеченного иностранной валютой - до "Baa3" с "Baa2"; рейтинг младшего субординированного долга снижен до "Ba1" с "Baa3". Рейтинг финансовой устойчивости подтвержден на уровне "D". Прогноз этого рейтинга и всех долговых изменен на негативный. Moody's также подтвердило рейтинг Казкоммерцбанка по депозитам в иностранной валюте на уровне "Ba1/NP" со стабильным прогнозом. Это действие стало следствием пересмотра рейтингов, начатого 4 мая вслед за решением Moody's усовершенствовать рейтинговую методологию в отношении банков. Ниже приводится оригинальный текст сообщения агентства Moody's. MOODY'S DOWNGRADES KAZKOMMERTSBANK'S DEBT RATINGS Moscow, June 22, 2007 - Moody's Investors Service has downgraded the following ratings of Kazkommertsbank (KKB) of Kazakhstan: senior unsecured debt in foreign currency to Baa2/P-2 from Baa1/P-2; foreign currency backed subordinated debt to Baa3 from Baa2; and foreign currency backed junior subordinated debt to Ba1 from Baa3. KKB's bank financial strength rating (BFSR) is affirmed at D, while the outlook on the BFSR and on all debt ratings is changed to negative. Moody's has also affirmed KKB's foreign currency deposit ratings at Ba1/NP with a stable outlook. This action concludes the ratings review initiated on 4 May 2007 following the implementation of Moody's amended bank rating methodology. The downgrade of KKB's foreign currency debt ratings reflects Moody's assessment of systemic support levels for banks in Kazakhstan using its low country support guideline and the conservative support assumptions used as part of Moody's refined joint default analysis (JDA) methodology. Thus, the bank's deposit and debt ratings incorporate its Ba2 Baseline Credit Assessment and Moody's assessment of the probability of systemic support (a component of JDA), which is very high due to KKB's position as the largest bank in Kazakhstan, accounting for 26% of the banking system's total assets at year-end 2006, and the seniority of deposits and debt. The assignment of a negative outlook to the BFSR and to the debt ratings derives primarily from Moody's concerns that the bank's very rapid lending expansion and large concentrations in the loan portfolio could result in material deterioration of asset quality. The rating agency notes that one of the major risk factors is KKB's large exposure to the real estate and construction sector. Moody's says that another important reason for the negative outlook on the ratings is the bank's high dependence on international market borrowings (net loans/customer deposits ratio stood at 244% at year-end 2006), which could give rise to refinancing risk. Headquartered in Almaty, Kazakhstan, KKB reported consolidated total assets of KZT2,444 billion (USD19.2 billion) and shareholders' equity of KZT249 billion (USD1.9 billion) under IFRS 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 Moscow Andrey Artyukhin Vice President - Senior Analyst Financial Institutions Group Moody's Eastern Europe Telephone: +7 495 641-1881 Facsimile: +7 495 641-1897 [2007-06-25]