Moody's присвоило рейтинг будущему выпуску нот Казкоммерцбанка
24.03.04 18:01
/REUTERS, Нью-Йорк, 23.03.04/ - Международное рейтинговое агентство
Moody's Investors Service присвоило рейтинг "Baa2" со стабильным
прогнозом будущей эмиссии в размере $200 миллионов необеспеченным
сертификатам компании Kazkommerts International B.V.
Эти облигации с погашением в 2009 году полностью гарантированы
Казкоммерцбанком.
В то же время Moody's повысило рейтинг до "Baa2" со стабильным
прогнозом рейтинги по ранее сделанным двум эмиссиям необеспеченных
облигаций Казкоммерцбанка - на $200 миллионов с погашением 8 мая 2007
года и $500 миллионов с погашением 16 апреля 2013 года.
Приоритетные необеспеченные сертификаты участия с погашением в 2011
году имеют рейтинг "Ваа3" и были выпущены Citigroup Global Markets
Deutschland AG с единственной целью - финансировать займ банка.
Ниже приводиться оригинальный текст сообщения Moody's на английском языке.
MOODY'S UPGRADES KAZKOMMERTS INTERNATIONAL B.V. (Kazakhstan) SENIOR BOND
to Baa2 AND ASSIGNS Baa2 AND Baa3, RESPECTIVELY TO UPCOMING SENIOR AND
SUBORDINATED LOAN PARTICIPATION NOTES
New York, March 23, 2004 - Moody's Investors Service has assigned a rating of
Baa2 (stable outlook) to the upcoming US$200 million issue of senior unsecured
notes by Kazkommerts International B.V. The notes, maturing in 2009, are fully
guaranteed by JSC Kazkommertsbank (KKB) of Kazakhstan. At the same time,
Moody's has upgraded to Baa2 (stable outlook) both previously issued senior
unsecured notes of the same issuer (USD 200 million Global Bonds maturing 8
May 2007 and USD 500 million Global Bonds maturing 16 April 2013).
The subordinated loan participation notes due 2011 issued by, but without
recourse to, Citigroup Global Markets Deutschland AG & Co. KGaA for the sole
purpose of financing a loan to KKB are rated at Baa3 (stable outlook). The
holders of the subordinated notes will be relying for the repayment solely and
exclusively on the ability of KKB to pay under the subordinated loan agreement,
and on the credit and financial standing of the latter in respect of the
financial servicing of the notes.
The ratings of the senior unsecured bond issues have pierced Kazakhstan's
sovereign ceiling for bonds of Baa3, while the subordinated debt issue has been
placed at the sovereign ceiling. The level of the ratings reflects the
important role the bank plays in the country's economy. Moody's notes that the
likelihood of Kazkommertsbank receiving support from the government in case of
distress is very high and is the primary driver of the ratings. The ratings
also take into account the fact that Kazkommertsbank is the largest bank in
Kazakhstan, and over a relatively short period has been able to develop an
important franchise in the domestic corporate market.
Kazkommertsbank is headquartered in Almaty, Kazakhstan, and had total
consolidated assets of US$2.92 billion at 31 December 2003.
Limassol
Adel Satel
General Manager
Financial Institutions Group
Moody's Investors Service Cyprus Limited
357-25-586586
Limassol
Pavel Simacek
Vice President - Senior Analyst
Financial Institutions Group
Moody's Investors Service Cyprus Limited
357-25-586586
[2004-03-24]