Moody's снизило рейтинговые оценки АО "Казкоммерцбанк", АО "Народный сберегательный банк Казахстана", АО "Банк ЦентрКредит" и АО "Альянс Банк"

22.10.10, 16:22
/Moody's Investors Service, Лондон, 21.10.10, перевод и заголовок KASE/ - Moody's понизило долгосрочные приоритетные необеспеченные и субординированные долговые рейтинги АО "Казкоммерцбанк", АО "Народный сберегательный банк Казахстана", АО "Банк ЦентрКредит" и АО "Альянс Банк". Ниже приводится список измененных рейтингов. АО "Казкоммерцбанк" - Приоритетный необеспеченный долговой рейтинг в иностранной валюте снижен с Bа3 до B2; - Субординированный долговой рейтинг в иностранной валюте снижен с B1 до B3 - Прогноз депозитных и долговых рейтингов негативный, рейтинг финансовой устойчивости банка (BFSR) стабильный. АО "Народный сберегательный банк Казахстана" - Приоритетный необеспеченный долговой рейтинг в иностранной валюте снижен с Bа2 до Bа3 - Прогноз по всем рейтингам стабильный. АО "Банк ЦентрКредит" - Приоритетный необеспеченный долговой рейтинг в иностранной валюте снижен с Bа3 до B1 - Прогноз депозитных и долговых рейтингов негативный, рейтинг финансовой устойчивости банка (BFSR) стабильный. АО "Альянс Банк" - Приоритетный необеспеченный долговой рейтинг в иностранной и местной валюте снижен до Саа2 с В3 - Субординированный долговой рейтинг в местной валюте снижен с Саа1 до Саа3 - Прогноз депозитных и долговых рейтингов развивающийся, рейтинг финансовой устойчивости банка (BFSR) стабильный Ниже приводится оригинальный текст сообщения Moody's на английском языке. Moody's downgrades four Kazakh banks' debt ratings London, 21 October 2010 - Moody's downgraded the long-term senior unsecured and subordinated debt ratings of Kazkommertsbank, Halyk Bank, Bank CenterCredit and Alliance Bank. The list of the affected ratings are provided below. Kazkommertsbank - Foreign currency senior unsecured debt rating: downgraded to B2 from Ba3 - Foreign currency subordinated debt rating: downgraded to B3 from B1 - The outlook on the deposit and debt ratings is negative, the outlook on the BFSR is stable Halyk Bank - Foreign currency senior unsecured debt rating: downgraded to Ba3 from Ba2 - The outlook on all ratings is stable Bank CenterCredit - Foreign currency senior unsecured debt rating: downgraded to B1 from Ba3 - The outlook on the deposit and debt ratings is negative, the outlook on the BFSR is stable Alliance Bank - Local and Foreign currency senior unsecured debt rating: downgraded to Caa2 from B3 - Local currency subordinated debt rating: downgraded to Caa3 from Caa1 - The outlook on the deposit and debt ratings is developing, the outlook on the BFSR is stable RATINGS RATIONALE This rating action reflects Moody's reassessment of the Kazakh government's willingness to provide support to senior and subordinated debt holders of systemically important banks, following the default and debt restructuring of three Kazakh banks (BTA Bank, Alliance Bank and Temirbank) in 2009. Importantly, the government's actions in all three restructurings led to depositors not sustaining any loss of principal, whereas holders of senior unsecured and subordinated debt incurred substantial losses. We see little reason to expect that the government will change its approach towards banks' debt holders going forward. Therefore Moody's removed in full the systemic support assumptions in all Kazakh banks' debt ratings, which previously benefited from low or moderate probability of systemic support. As a result, the debts of these four institutions are now rated at the same level as their Baseline Credit Assessments (their stand-alone ratings). Moody's also removed the systemic support assumptions from ATF Bank's debt ratings, however this does not change its Ba2 senior unsecured debt rating as it also incorporates high level of support from the Italian Unicredit Group, ATF Bank's ultimate parent. Moody's continues to factor in some systemic support - low or moderate- in the deposit ratings of the affected Kazakh banks that we view as systemically important. Accordingly, their deposit ratings remain unchanged and now rank 1-2 notches above their senior unsecured debt ratings. This approach is based on the support that the government has provided to these banks (including the defaulted banks), allowing them to honour their obligations to depositors. Moody's ratings on other Kazakh banks are unaffected by today's announcement because their ratings did not receive any uplift from systemic support. Moody's previous rating action on Kazkommertsbank was on 09 August 2010, when the outlook on the bank's E+ BFSR was changed to stable from negative. Moody's previous rating action on Halyk Bank was on 25 August 2010, when the outlook was changed to stable from negative on the bank's Ba2 local and foreign currency deposit ratings, Ba2 foreign currency senior unsecured debt rating and the D- BFSR. Moody's previous rating action on Bank CenterCredit was on 29 January 2010, when the bank's junior subordinated debt rating was downgraded from B2 to B3. Moody's previous rating action on Alliance Bank was on 02 July 2010, when the bank's local and foreign currency deposit ratings were upgraded to B3 from Caa3, E BFSR, translating to a BCA of Caa2, was affirmed. The principal methodologies used in rating Kazkommertsbank, Halyk Bank, Bank CenterCredit and Alliance Bank were Bank Financial Strength Ratings: Global Methodology published in February 2007, and Incorporation of Joint-Default Analysis into Moody's Bank Ratings: A Refined Methodology published in March 2007. Other methodologies and factors that may have been considered in the process of rating this issuer can also be found on Moody's website. REGULATORY DISCLOSURES Information sources used to prepare the credit rating are the following: parties involved in the ratings, public information. Moody's Investors Service considers the quality of information available on the issuer or obligation satisfactory for the purposes of maintaining a credit rating. The rating has been disclosed to the rated entity or its designated agents and issued with no amendment resulting from that disclosure. Moody's Investors Service may have provided Ancillary or Other Permissible Service(s) to the rated entity or its related third parties within the three years preceding the Credit Rating Action. Please see the ratings disclosure page www.moodys.com/disclosures on our website for further information. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. However, MOODY'S is not an auditor and cannot in every instance independently verify or validate information received in the rating process. Please see ratings tab on the issuer/entity page on Moodys.com for the last rating action and the rating history. The date on which some Credit Ratings were first released goes back to a time before Moody's Investors Service's Credit Ratings were fully digitized and accurate data may not be available. Consequently, Moody's Investors Service provides a date that it believes is the most reliable and accurate based on the information that is available to it. Please see the ratings disclosure page on our website www.moodys.com for further information. Please see the Credit Policy page on Moodys.com for the methodologies used in determining ratings, further information on the meaning of each rating category and the definition of default and recovery. 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 London Yves Lemay MD - Banking Financial Institutions Group Moody's Investors Service Ltd. JOURNALISTS: 44 20 7772 5456 SUBSCRIBERS: 44 20 7772 5454 Moody's Investors Service Ltd. One Canada Square Canary Wharf London E14 5FA United Kingdom [2010-10-22]