S&Р присвоило планируемым евробондам Казкоммерцбанка рейтинг "ВВ-"

/REUTERS, Лондон, 24.03.04/ - Международное рейтинговое агентство Standard & Poor's присвоило планируемым к выпуску еврооблигациям Казкоммерцбанка рейтинг "ВВ-", говорится в сообщении агентства. Еврооблигации, срок обращения которых пока не определен, должны быть выпущены компанией Kazkommerts International B.V. в марте 2004 года. Объем выпуска составит $200-$250 миллионов. Облигации гарантированы Казкоммерцбанком ("BB-"/стабильный/"B"). Днем ранее рейтинговое агентство Moody's присвоило этим еврооблигациям рейтинг "Ваа2" со стабильным прогнозом. Ниже приводиться оригинальный текст сообщения Standard & Poor's на английском языке. LONDON, March 24 - Standard & Poor's Ratings Services said today it assigned its 'BB-' debt rating to an indeterminate maturity, U.S. dollar-denominated bond to be issued by Kazkommerts International B.V., a Netherlands-based special purpose vehicle, in March 2004. The amount of the issue will be $200-$250 million. The bond issue is guaranteed by Kazakhstan-based Kazkommertsbank (JSC) (KKB; BB-/Stable/B). The ratings on KKB reflect the bank's strong domestic franchise and improving economic environment and funding profile. KKB has been using Kazakhstan's improved economic prospects to its advantage, attracting primary funds and growing its profitable lending business, although fast loan growth in recent years is considered risky. The decision of the European Bank for Reconstruction and Development (EBRD; AAA/Stable/A-1+) to invest into the equity of KKB, as well as the reversal of the bank's policy on financing the equity investments of its sister company, Central Asian Industrial Investments (CAII), have improved KKB's credit profile. KKB also resolved its largest problematic related party loans, which reduced the concentration of its loan portfolio to single-party risk, as well as improving asset quality. Although the Kazakh economy has been showing positive trends since 2000, the bank retains significant concentrations in loans and funding in a high-risk economic and banking environment. Its prudent practice of taking significant loan- loss provisions and collateral for potential problems stemming from the high loan growth, mitigates risks. [2004-03-24]