Moody's снизило рейтинговые оценки АО "АТФБанк" (Казахстан), прогноз "Негативный"
12.10.11 11:56
/Moody's Investors Service, Лондон, 11.10.11, перевод и заголовок KASE/ -
Рейтинговое агентство Moody's Investors Service сегодня понизило рейтинги
долгосрочных депозитов АТФБанка в местной и иностранной валюте с Ba2
до Ba3, рейтинг старшего необеспеченного долга банка в иностранной
валюте - с Ba2 до Ba3, рейтинг его младшего субординированного долга в
иностранной валюте - с B1 до B2. Кроме того, Moody's присвоило
негативный прогноз депозитным и долговым рейтингам банка. Рейтинг
финансовой устойчивости АТФБанка Е+, стремящийся к В3 по
долгосрочной шкале, остался неизменным и сохраняет прогноз
"стабильный".
Сегодняшние рейтинговые мероприятия завершают пересмотр рейтингов
АТФБанка в сторону понижения, начатый 14 июня 2011 г.
Ниже приводится оригинальный текст сообщения Moody's на английском
языке.
London, 11 October 2011 - Moody's Investors Service has today downgraded
ATF Bank's long-term local and foreign-currency deposit ratings to Ba3
from Ba2, its foreign-currency senior unsecured debt rating to Ba3 from
Ba2 and foreign-currency junior subordinated debt rating to B2 from B1.
Moody's has also assigned a negative outlook to the bank's deposit and debt
ratings. ATF Bank's E+ standalone bank financial strength rating (BFSR) -
which maps to B3 on the long-term rating scale - is unaffected by this and
continues to carry a stable outlook.
Today's rating actions conclude the review for downgrade of ATF's ratings,
implemented on 14 June 2011.
RATINGS RATIONALE
The decision to downgrade the bank's ratings is triggered by (i) Moody's
downgrade of UniCredit's ratings on 5 October 2011 (UniCredit is ATF Bank's
ultimate parent); and (ii) Moody's reassessment of parental support
probability extended to ATF Bank, from UniCredit. "We have lowered our
assumption of parental support probability for ATF Bank's ratings to moderate
from high, as we consider that the subsidiary's strategic importance for
UniCredit has diminished,"explains Armen Dallakyan, a Moody's Assistant Vice
President and lead analyst for ATF Bank. "Consequently, ATF Bank's deposit and
senior unsecured debt ratings now receive three-notches of rating uplift from
the bank's standalone credit strength of B3," adds Mr Dallakyan.
Moody's has also removed the low systemic support probability for ATF Bank,
which however has not had any rating impact. The rating agency believes that
the only external support provider for the bank is likely to be UniCredit.
As reflected in the negative outlook, the bank's deposit and debt ratings may be
further downgraded if UniCredit's ratings are downgraded, or if Moody's revises
downwards its assumption of moderate parental support. ATF Bank's ratings are
also likely to be downgraded if the bank's BFSR is downgraded.
PRINCIPAL METHODOLOGIES
The methodologies used in this rating 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. Please see the Credit Policy page on www.moodys.com for a copy
of these methodologies.
Headquartered in Almaty, Kazakhstan, ATF Bank reported total assets of
USD6.57 billion and total capital of USD239 million, in accordance with its
audited IFRS financial statements at year-end 2010.
REGULATORY DISCLOSURES
For ratings issued on a program, series or category/class of debt, this
announcement provides relevant regulatory disclosures in relation to each
rating of a subsequently issued bond or note of the same series or
category/class of debt or pursuant to a program for which the ratings are
derived exclusively from existing ratings in accordance with Moody's rating
practices. For ratings issued on a support provider, this announcement
provides relevant regulatory disclosures in relation to the rating action
on the support provider and in relation to each particular rating action
for securities that derive their credit ratings from the support provider's
credit rating. For provisional ratings, this announcement provides relevant
regulatory disclosures in relation to the provisional rating assigned, and
in relation to a definitive rating that may be assigned subsequent to the
final issuance of the debt, in each case where the transaction structure
and terms have not changed prior to the assignment of the definitive rating
in a manner that would have affected the rating. For further information
please see the ratings tab on the issuer/entity page for the respective
issuer on www.moodys.com.
The rating has been disclosed to the rated entity or its designated agent(s)
and issued with no amendment resulting from that disclosure.
Information sources used to prepare the rating are the following : parties
involved in the ratings, and public information.
Moody's considers the quality of information available on the rated entity,
obligation or credit satisfactory for the purposes of issuing a rating.
Moody's adopts all necessary measures so that the information it uses in
assigning a 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.
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 special report "Ancillary or
other permissible services provided to entities rated by MIS's EU credit rating
agencies" on the ratings disclosure page on our website www.moodys.com for
further information.
Please see Moody's Rating Symbols and Definitions on the Rating Process page
on www.moodys.com for further information on the meaning of each rating
category and the definition of default and recovery.
Please see ratings tab on the issuer/entity page on www.moodys.com for the last
rating action and the rating history.
The date on which some ratings were first released goes back to a time before
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Consequently, Moody's 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 www.moodys.com for any updates on changes to the lead rating
analyst and to the Moody's legal entity that has issued the rating.
Armen L. Dallakyan
Asst Vice President - Analyst
Financial Institutions Group
Moody's Investors Service Ltd.
One Canada Square
Canary Wharf
London E14 5FA
United Kingdom
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
Yves Lemay
MD - Banking
Financial Institutions Group
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
Releasing Office:
Moody's Investors Service Ltd.
One Canada Square
Canary Wharf
London E14 5FA
United Kingdom
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
[2011-10-12]