Moody's снизило рейтинговые оценки по обязательствам АО "Казкоммерцбанк", АО "АТФБанк" и АО "Банк ЦентрКредит"

/Moody's Investors Service, Лондон, 28.01.10, перевод и заголовок KASE/ - Международное рейтинговое агентство Moody's Investors Service понизило рейтинги по гибридным ценным бумагам АО "Казкоммерцбанк", АО "АТФБанк" и АО "Банк ЦентрКредит". Данное рейтинговое действие произведено в соответствии с изменениями внесенными, в Правила определения рейтинга для банковских гибридных и субординированных ценных бумаг, опубликованными в ноябре 2009 года. Данное действие завершает процедуру пересмотра рейтинга в отношении возможного понижения, начавшуюся 18 ноября 2009 года, когда в отношении каждого из эмитентов было предпринято последнее рейтинговое действие. Прогнозы по рейтингам для АО "Казкоммерцбанк", АО "АТФБанк" и АО "Банк ЦентрКредит" остаются негативными, другие рейтинги не изменились. Ниже приводится оригинальный текст сообщения Moody's на английском языке. MOODY'S DOWNGRADES HYBRID SECURITIES RATINGS OF THREE KAZAKH BANKS Approximately US$300 million of hybrids rated London, 28 January 2010 - Moody's Investors Service has today downgraded the ratings on certain hybrid securities of three Kazakh banks, namely Kazkommertsbank, ATF Bank and Bank CenterCredit. This rating action is in line with the rating agency's revised Guidelines for Rating Bank Hybrids and Subordinated Debt, published in November 2009. This concludes Moody's review for possible downgrade that began on 18 November 2009, which was the last rating action date for each issuer. The rating outlook for Kazkommertsbank, ATF Bank and Bank CenterCredit remains negative, and all other ratings on these banks remain unchanged. Prior to the global financial crisis, Moody's had incorporated into its ratings an assumption that support provided by national governments and central banks to support a troubled bank would, to some extent, benefit the subordinated debt holders as well as the senior creditors. The systemic support for these instruments has not been forthcoming in many cases. Moody's revised methodology largely removes previous assumptions of systemic support, resulting in today's rating action. In addition, the revised methodology generally widens the notching on a hybrid's rating that is based on the instrument's features. RATING ACTION IN DETAIL The starting point in Moody's revised approach to rating hybrid securities is the Adjusted Baseline Credit Assessment (Adjusted BCA). The Adjusted BCA reflects the bank's stand-alone credit strength, including parental and/or cooperative support, if applicable. The Adjusted BCA excludes systemic support. The Adjusted BCA is B2 for Kazkommertsbank and is the same as the BCA given that parental and/or cooperative support does not apply. The Adjusted BCA is Ba2 for ATF Bank and includes 3-notches of uplift from its BCA of B2 for parental support from UniCredit SpA. The Adjusted BCA is B1 for Bank CenterCredit and is the same as the BCA given that parental and/or cooperative support does not apply. The hybrid instruments issued by the above mentioned Kazakh banks are perpetual and rank deeply subordinated in liquidation. Coupon payments must be suspended upon breach of minimum capital adequacy ratios or liquidity ratios, or if such payments would result in a breach of those ratios. Any unpaid coupons are non-cumulative. Moody's generally rates such instruments two notches below an issuer's Adjusted BCA. The affected securities of the banks are: Kazkommertsbank's junior subordinated debt (ISIN US486668AA44) rating was downgraded from B3 to Caa1, which is two notches below the bank's Adjusted BCA of B2. ATF Bank's junior subordinated debt (ISIN XS0274618247) rating was downgraded from Ba3 to B1, which is two notches below the Adjusted BCA of Ba2. Bank CenterCredit's junior subordinated debt (ISIN XS0267377454) rating was downgraded from B2 to B3, which is two notches below the Adjusted BCA of B1. Please visit www.moodys.com to access the following documents for additional information: Moody's Guidelines for Rating Bank Hybrid Securities and Subordinated Debt - 17 November 2009 Frequently Asked Questions: Moody's Guidelines for Rating Bank Hybrid Securities and Subordinated Debt - 17 November 2009 Other methodologies and factors that may have been considered in the process of rating this issuer can also be found in the Rating Methodologies sub-directory on Moody's website. London Yves Lemay Managing Director Financial Institutions Group Moody's Investors Service Ltd. JOURNALISTS: 44 20 7772 5456 SUBSCRIBERS: 44 20 7772 5454 London Armen L. Dallakyan Asst Vice President - Analyst Financial Institutions Group Moody's Investors Service Ltd. JOURNALISTS: 44 20 7772 5456 SUBSCRIBERS: 44 20 7772 5454 [2010-01-29]