Fitch присвоило бондам АТФ-банка (Казахстан) ожидаемый рейтинг "В+"

/REUTERS, Лондон/Москва, 12.10.05/ - Международное рейтинговое агентство Fitch Ratings присвоило в среду ожидаемый долгосрочный рейтинг "В+" запланированному выпуску еврооблигаций казахстанского АТФ-банка. Рейтинг бондов соответствует собственному долгосрочному рейтингу банка. В сентябре Казахстанская фондовая биржа сообщила, что АТФ-банк, четвертый по величине банк в Казахстане, выпустит еврооблигации на сумму не менее $200 миллионов сроком от трех до пяти лет. Ниже приводится оригинальный текст сообщения агентства Fitch Ratings на английском языке. FITCH ASSIGNS ATF BANK'S UPCOMING EUROBOND EXPECTED 'B+' Fitch Ratings-London/Moscow-12 October 2005: Fitch Ratings has today assigned Kazakhstan-based ATF Bank's ("ATF") upcoming eurobond an expected Long-term 'B+' rating. ATF is rated Long-term 'B+' with a Stable Outlook, Short-term 'B', Individual 'D', and Support '4'. 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 ATF, 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 9% of ATF's total liabilities, according to the bank's reviewed IFRS accounts. Covenants prevent ATF from entering into transactions of USD3 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 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 ATF. 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. ATF Bank is the fourth largest commercial bank in Kazakhstan by assets, with around 8% of the banking system's assets at end-H105. It provides a broad range of banking services to corporates and SMEs, and is also growing its retail business, focusing on higher and middle income individuals. It is also active in the foreign exchange and government securities markets in Kazakhstan. Contact: Alexei Kechko, James Watson, Moscow, Tel: +7 095 956 9901. [2005-10-12]