Moody's поместило в список на возможное понижение рейтинги нот дочерней компании АО "Банк ТуранАлем" (Казахстан) ВТА DPR Finance Company
07.11.07 16:28
/ИРБИС, 07.11.07/ - Международное рейтинговое агентство Moody's
поместило 06 ноября 2007 года в список на возможное понижение
рейтинги нот ВТА DPR Finance Company, являющейся дочерней
компанией АО "Банк ТуранАлем" (Алматы).
Ниже приводится оригинальный текст сообщения агентства Moody's на
английском языке.
MOODY'S PLACES THE RATING OF NOTES ISSUED BY BTA DPR
FINANCE COMPANY ON REVIEW FOR POSSIBLE DOWNGRADE
Approximately $150 Million of Debt Securities Affected
London, 06 November 2007 - Moody's Investors Service has placed the
Notes issued by BTA DPR Finance Company on review for possible
downgrade, as follows:
USD 150,000,000 Class 2007-D Floating Rate Note due 2015, Baa3 on
review for possible downgrade
Moody's has also placed on review for possible downgrade the underlying
ratings - which reflects the risk posed to the providers of the financial
guarantees - in relation to the following series of notes (for the avoidance of
doubt, the following underlying ratings do not take the benefit of the related
financial guarantees into account and the ratings of the notes, which
incorporate the support of such guarantees, are unaffected).
USD 200,000,000 Series 2007-A Floating Rate Note due 2015, underlying
rating of Baa3 on review for downgrade
USD 200,000,000 Series 2007-B Floating Rate Note due 2015, underlying
rating of Baa3 on review for downgrade
USD 200,000,000 Series 2007-C Floating Rate Note due 2015, underlying
rating of Baa3 on review for downgrade
The rating action reflects Moody's recent downgrade of Bank TuranAlem's
Global Local Currency Deposit Ratings to Ba1/NP from Baa3/P-3.
The Management of Bank TuranAlem has informed Moody's in writing of
their intention to implement within the coming weeks features which aim to
reduce the linkage of the ratings of the Notes issued by BTA DPR Company
to the ratings of Bank TuranAlem. As soon as details of the proposal become
available, Moody's will analyse the potential impact and assess whether the
proposed actions will be sufficient to reduce the ratings linkage between the
rated Notes and Bank TuranAlem. After a conclusive review of the proposed
features, Moody's will endeavour to conclude its review of the outstanding
Baa3 ratings on the Notes.
Moody's ratings address only the credit risks associated with the transaction.
Other non-credit risks have not been addressed, but may have a significant
effect on yield to investors.
Moody's is monitoring this transaction on an ongoing basis. For updated
monitoring information, please contact monitor.abs@moodys.com. To obtain
a copy of Moody's New Issue Report to get more detailed information on this
transaction, please visit Moody's website at www.moodys.com or contact our
Client Service Desk in London (+44-20-7772 5454).
London
Benedicte Pfister
Managing Director
Structured Finance Group
Moody's Investors Service Ltd.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
London
Michelle Wu
Analyst
Structured Finance Group
Moody's Investors Service Ltd.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
[2007-11-07]