Moody's повысило рейтинги АО "АТФБанк" (Казахстан) до уровня Baa2/Prime-2
20.11.07 12:36
/ИРБИС, 20.11.07/ - Международное рейтинговое агентство Moody's
Investors Service повысило рейтинги АО "АТФБанк" (Алматы) до уровня
Baa2/Prime-2 после приобретения Bank Austria Creditanstalt 92 % акций
АО "АТФБанк".
Ниже приводится оригинальный текст сообщения агентства Moody's на
английском языке:
MOODY'S UPGRADES ATF BANK (KAZAKHSTAN) TO BAA2/P-2 FROM BA1/NP
Rating action follows completion of acquisition by Bank Austria Creditanstalt
Moscow, November 19, 2007 - Moody's Investors Service today upgraded
the long-term local currency deposit and senior unsecured debt ratings of
ATF Bank to Baa2/Prime-2 from Ba1/Not Prime and its junior subordinated
debt rating to Ba1 from Ba3. The outlook on all ratings is stable.
Moody's today also affirmed ATF Bank's Ba1/Not Prime long- and short-term
foreign currency deposit ratings and its D- bank financial strength rating
("BFSR") with stable outlook. The foreign currency deposit ratings are
constrained by Kazakhstan's Ba1/Not Prime ceiling, with stable outlook, for
such deposits and are expected to follow any future movements in this ceiling.
These rating actions conclude the review process that was initiated on 3 July
2007 following the announcement by Bank Austria Creditanstalt AG ("BA-
CA", rated Aa2/P-1/C+), which is responsible within UniCredit Group for
commercial banking activities in Central and Eastern Europe, that it has
signed a share purchase agreement with private shareholders to acquire a
majority shareholding in ATF Bank. This transaction has now been
completed as BA-CA has finalised the acquisition of 91.8% of the total issued
share capital of ATF Bank. The upgrade of ATF Bank's local currency deposit
and debt ratings is based on Moody's assumptions regarding UniCredit
Group's strong commitment to AFT Bank and the high probability that it
would provide support to it in case of need.
Moody's expects that the integration of ATF Bank into UniCredit Group will
result in positive developments in the areas of corporate governance and risk
management that would in turn enhance the bank's intrinsic strengths, thus
exerting upward pressure on its Baseline Credit Assessment ("BCA"). At
present, ATF Bank's D- BFSR maps to a BCA of Ba3.
Based in Almaty, Kazakhstan, ATF Bank reported total assets of KZT961
billion (USD7.9 billion) as of 30 June 2007, ranking as the fifth-largest
bank in the country.
Bank Austria Creditanstalt is based in Vienna, Austria, and is the largest
bank in the country with total assets of EUR203 billion as of 30 June 2007.
London
Reynold R. Leegerstee
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
[2007-11-20]