АО "БРК-Лизинг" дочерняя организация акционерного общества "Банк Развития Казахстана" сообщило об изменении агентством Moody's Investors Service прогноза по рейтинговым оценкам компании и ее облигаций со "Стабильного" на "Негативный"

/KASE, 06.12.11/ - АО "БРК-Лизинг" дочерняя организация акционерного общества "Банк Развития Казахстана" (Астана), облигации которого находятся в официальном списке Казахстанской фондовой биржи (KASE), предоставило KASE пресс-релиз агентства Moody's Investors Service от 02 декабря 2011 года на английском языке. В указанном пресс-релизе в частности сообщается следующее (перевод KASE): начало цитаты Рейтинговое агентство Moody's Investors Service изменило сегодня со стабильного на негативный прогноз по следующим рейтингам БРК Лизинг: долгосрочный рейтинг эмитента в местной и иностранной валюте Ba3, предварительный рейтинг в местной валюте (P)Ba3, присвоенный отечественной облигационной программе эмитента на сумму 15 миллиардов тенге (102 миллиона долларов США), и долговой рейтинг в местной валюте Ba3, присвоенный старшим необеспеченным среднесрочным облигациям эмитента на сумму 5 миллиардов тенге (34 миллиона долл. США), выпущенным в рамках этой программы. Краткосрочные рейтинги в местной и иностранной валюте БРК Лизинг остались на уровне Not Prime. Подтверждение Moody's рейтингов БРК Лизинг основано на аудированной финансовой отчетности эмитента за 2010 г., подготовленной в соответствии с МСФО, и неаудированных результатах за первое полугодие 2011 г., подготовленных в соответствии с местной версией GAAP. конец цитаты Ниже приводится текст пресс-релиза агентства Moody's Investors Service на английском языке, предоставленные KASE АО "БРК-Лизинг" дочерняя организация акционерного общества "Банк Развития Казахстана". Moody's changes outlook on DBK Leasing's Ba3 rating to negative, from stable London, 02 December 2011 - Moody's Investors Service has today changed to negative from stable the outlook on the following ratings of DBK Leasing: Ba3 long-term local and foreign currency issuer ratings, the provisional (P)Ba3 local currency rating assigned to the issuer's KZT15 billion (US$102 million) domestic bond programme, and the Ba3 local currency debt rating assigned to the issuer's senior unsecured KZT5 billion (US$34 million) Medium-Term Note (MTN) issued under this programme. DBK Leasing's short-term local and foreign currency ratings of Not Prime remained unchanged. Moody's affirmation of DBK Leasing's ratings is based on the issuer's audited financial statements for 2010 prepared under IFRS, and its H1 2011 unaudited results prepared under local GAAP. RATINGS RATIONALE "Moody's decision to change the outlook on DBK Leasing's ratings to negative from stable is driven by the significant reduction in its safety buffers in the form of capital and loan loss reserves that materialised over time as a result of worsening asset quality and still weak profitability," says Maxim Bogdashkin, a Moody's Assistant Vice-President and lead analyst for the issuer. By H1 2011, DBK Leasing's underdeveloped underwriting practices and seasoning leasing portfolio, in conjunction with a recently challenging economic environment in Kazakhstan, led to significant asset quality deterioration. Moody's observes that as at H1 2011, non-performing loans (defined as 90+ days overdue) accounted for 35% of total loans compared to only 7.3% of total loans as at YE2009. As a result, the issuer's safety buffers have diminished, with the ratio of shareholders' equity to total assets dropping to 17% as at H1 2011 (YE2010: 22% and YE2009: 24%), while the level of loan loss reserves remained largely inadequate at around 8% of total loans. However, Moody's notes that DBK Leasing's ratings continue to benefit from very high probability of ongoing and extraordinary support from its parent (state-owned Development Bank of Kazakhstan, Baa3, stable outlook) as DBK Leasing: (i) is fully owned and more than 80% funded by the parent, (ii) fits the parent's strategy, thereby complementing its core business, and (iii) is comparatively small and thus more easily supported by the parent. According to DBK Leasing and its parent, the former could receive additional capital in 2012 that would somewhat strengthen its capital cushion. If this does not materialise or if the resultant safety buffers in the form of capital and loan loss reserves are insufficient compared with the issuer's asset quality at that time, further negative pressure would be exerted on DBK Leasing's ratings which could lead to a downgrade. PRINCIPAL METHODOLOGIES The methodologies used in this rating were Analyzing The Credit Risks Of Finance Companies published in October 2000, 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 Astana, Kazakhstan, DBK leasing reported total assets of KZT35 billion (US$238 million) under unaudited IFRS as of H1 2011. The issuer recorded a net loss of KZT3 billion (US$20 million) in H1 2011. 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, parties not involved in the ratings, public information, and confidential and proprietary Moody's Investors Service 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 two 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 the ratings disclosure page on www.moodys.com for general disclosure on potential conflicts of interests. Please see the ratings disclosure page on www.moodys.com for information on (A) MCO's major shareholders (above 5%) and for (B) further information regarding certain affiliations that may exist between directors of MCO and rated entities as well as (C) the names of entities that hold ratings from MIS that have also publicly reported to the SEC an ownership interest in MCO of more than 5%. A member of the board of directors of this rated entity may also be a member of the board of directors of a shareholder of Moody's Corporation; however, Moody's has not independently verified this matter. 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 Moody's ratings were fully digitized and accurate data may not be available. 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. Maxim Bogdashkin Asst Vice President - Analyst Financial Institutions Group Moody's Interfax Rating Agency 7th floor, Four Winds Plaza 21 1st Tverskaya-Yamskaya St. Moscow 125047 Russia Telephone: +7 495 228 6060 Facsimile: +7 495 228 6091 Yaroslav Sovgyra Associate Managing Director Financial Institutions Group 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 [2011-12-06]