Fitch присвоило бондам банка Каспийский (Казахстан) рейтинг "В+"

/REUTERS, Лондон/Москва, 19.09.05/ - Международное рейтинговое агентство Fitch Ratings присвоило в понедельник запланированным евробондам казахстанского банка Каспийский ожидаемый долгосрочный рейтинг "В+". Это соответствует собственному долгосрочному рейтингу восьмого по величине банка Казахстана, для которого данные облигации станут дебютными на международном рынке. Ниже приводится оригинальный текст сообщения агентства Fitch Ratings на английском языке. FITCH ASSIGNS BANK CASPIAN'S UPCOMING DEBUT EUROBOND EXPECTED 'B+' Fitch Ratings-London/Moscow-19 September 2005: Fitch Ratings, the international rating agency, has today assigned Kazakhstan-based Bank Caspian's ("Caspian") upcoming debut eurobond an expected Long-term 'B+' rating. Caspian is rated Long-term 'B+' with a Stable Outlook, Short-term 'B', Individual 'D', and Support '5'. The final 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 Caspian, save those preferred by relevant legislation. Under Kazakhstani law, the claims of retail depositors rank above those of other senior unsecured creditors. At end-H105, retail deposits accounted for 41% of Caspian's total liabilities, according to the bank's IFRS accounts. Covenants prevent Caspian from entering into transactions of USD1.5 million or more on other than market terms, restrict dividend payments to 50% of annual net income, and oblige the bank to maintain a total capital ratio of at least 13%, as calculated in accordance with the Basel 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 Caspian. 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. As at end-July 2005, Caspian was the 8th largest commercial bank in Kazakhstan, with approximately a 3% share of the banking system's assets. Initially a corporate bank, it is now rapidly developing its retail and small and medium-sized enterprises business, pioneering mass consumer express lending in Kazakhstan. Contact: Alexei Kechko, Vladlen Kuznetsov, James Watson, Moscow, Tel: +7 095 956 9901. [2005-09-20]