Moody's присвоило окончательный рейтинг Baa3 международным облигациям XS0556885753 (KMGZe5) АО "Национальная компания "КазМунайГаз" (Казахстан)
15.03.11 10:21
/Moody's Investors Service, Москва, 14.03.11, перевод и заголовок KASE/ -
Рейтинговое агентство Moody's Investors Service присвоило сегодня
окончательный рейтинг на уровне Baa3 выпуску облигаций АО "Национальная
компания КазМунайГаз" (НК КМГ или "Группа") на сумму 1.25 миллиардов
долл. США со ставкой вознаграждения 6,375 % и датой погашения в 2021 г.
Окончательные параметры облигаций соответствуют указанным в проекте
эмиссии, на основании которого Moody's присудила инструменту
предварительный рейтинг на уровне (P)Baa3.
Ниже приводится оригинальный текст сообщения Moody's на английском языке.
Moscow, March 14, 2011 - Moody's Investors Service has today assigned
a definitive Baa3 rating to the USD1.250 billion worth of 6.375% notes
due in 2021 issued by JSC National Company KazMunayGas ("KMG NC" or
"the group"). The final terms of the notes are in line with the drafts
reviewed by Moody's for the provisional (P)Baa3 instrument rating
assignment.
RATINGS RATIONALE
Moody's definitive rating on this debt obligation is in line with the
provisional rating assigned by the rating agency to KMG NC on 2 November
2010. KMG NC issued the notes under its USD7.5 billion global medium-term
note programme. The instrument ranked pari passu with all senior unsecured
and unsubordinated obligations of KMG NC. The group will utilise the
proceeds of the notes in 2011 to refinance its existing indebtedness,
as well as to fund its capital investment in the Kashagan oil project.
Moody's last rating action on KMG NC was implemented on 2 November 2010,
when the rating agency assigned a provisional (P)Baa3 rating to the
company's notes issuance.
The principal methodologies used in this rating were Global Integrated
Oil & Gas Industry published in November 2009, and Government-Related
Issuers: Methodology Update published in July 2010.
Headquartered in Astana, Kazakhstan, KMG NC, rated Baa3 with stable
outlook, is a wholly state-owned (through the SamrukKazyna holding
company), vertically integrated oil and gas operator with core operations
in exploration and production, refining, domestic oil and gas
transportation, and the marketing and trading of oil and petroleum
products. In 2009, the group generated around USD10.8 billion in revenues
and EBIT of USD3.3 billion.
REGULATORY DISCLOSURES
Information sources used to prepare the credit rating are the following:
parties involved in the ratings, parties not involved in the ratings,
public information, and confidential and proprietary Moody's Investors
Service information.
Moody's Investors Service considers the quality of information available
on the issuer or obligation satisfactory for the purposes of assigning
a credit rating.
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.
Moscow
Sergei Grishunin
Asst Vice President - Analyst
Corporate Finance Group
Moody's Eastern Europe LLC
Telephone: +7 495 228 6060
Facsimile: +7 495 228 6091
London
David G. Staples
MD - Corporate Finance
Corporate Finance Group
Moody's Investors Service Ltd.
JOURNALISTS: 44 20 7772 5456
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Moody's Eastern Europe LLC
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Russia
Telephone: +7 495 228 6060
Facsimile: +7 495 228 6091
[2011-03-15]