Fitch присвоило рейтинг "В+" планируемым евробондам банка Центркредит
18.01.05 11:08
/REUTERS, Лондон, 18.01.05/ - Международное рейтинговое агентство Fitch
Ratings присвоило ожидаемый долгосрочный рейтинг "В+" планируемому
выпуску еврооблигаций казахстанского банка Центркредит, говорится в
сообщении агентства.
Долгосрочный рейтинг самого банка находится на уровне "В+" со
стабильным прогнозом, краткосрочный - "В", индивидуальный "D", рейтинг
поддержки - "4".
Ниже приводиться оригинальный текст сообщения Fitch Ratings на
английском языке.
FITCH RATES BANK CENTERCREDIT'S BOND
London, January 18, 2005 - Fitch Ratings, the international rating agency, has
today assigned Kazakhstan-based Bank Centercredit's ("BCC") upcoming
Eurobond an expected Long-term 'B+' rating. BCC is rated Long-term 'B+' with a
Stable Outlook, Short-term 'B', Individual 'D', and Support '4'.
The rating is contingent upon receipt of final documentation conforming
materially to information already received.
The notes are to rank at least pari passu with the claims of other unsecured
creditors of BCC, save those preferred by relevant legislation. Covenants
prevent BCC from entering into transactions of USD7 million or more on other
than market terms, restrict dividend payments to 50% of net income, and oblige
the bank to maintain a total capital ratio of at least 10%, as calculated in
accordance with the Basel Committee recommendations.
The terms and conditions of the notes also contain a cross default clause and a
negative pledge clause, the latter of which allows for a degree of
securitisation by BCC. Should any securitisation be undertaken, Fitch comments
that the nature and extent of any overcollateralisation would be assessed by
the agency for any potential impact on unsecured creditors. Additionally,
noteholders can put the bonds if BCC's credit rating is withdrawn or downgraded
by more than one notch as a result of either a merger or the sale by BCC of
all, or substantially all, of its assets to another entity. BCC is one of the
five largest banks in Kazakhstan with assets of KZT141 billion (USD1,048m) as
of 30 September 2004, focusing primarily on business with SMEs and retail
customers.
[2005-01-18]