Moody's присвоило предварительный рейтинги евробондам АО "Темiрбанк" (Казахстан) на уровне "B1"
16.03.06 18:29
/ИРБИС, Асель Омарова, 16.03.06/ - Международное рейтинговое агентство
Moody's Investors Service присвоило дебютному запланированному выпуску
трехлетних еврооблигаций АО "Темiрбанк" предварительный долгосрочный
рейтинг "В1" со стабильным прогнозом.
Евробонды будут выпущены специально созданной дочерней структурой
Temir Capital B.V.
"Размещение еврооблигаций позволит привлечь значительный объем
инвестиций в Temir Capital B.V., что в свою очередь будет способствовать
увеличению консолидированных активов банка и их выгодному размещению
на рынке капиталов", - говорится в сообщении, размещенном на
официальном сайте агентства.
Ниже приводится оригинальный текст сообщения Moody's Investors Service.
MOODY'S ASSIGNS B1 RATING TO FORTHCOMING TEMIR CAPITAL B.V.
SENIOR NOTES; UNCONDITIONALLY AND IRREVOCABLY GUARANTEED
BY TEMIRBANK (KAZAKHSTAN)
The Outlook for the Rating is Stable
Limassol, March 15, 2006 - Moody's Investors Service has assigned a rating of
B1 to the Senior Notes to be issued by a Dutch-based funding vehicle Temir
Capital B.V., unconditionally and irrevocably guaranteed by Temirbank
(Kazakhstan). The amount of the notes has yet to be determined, but their tenor
will not exceed three years. The outlook for the rating is stable.
Moody's notes that the B1 rating assigned to Temir Capital is based on the
fundamental credit quality of the guarantor, Temirbank (Kazakhstan) rated
B1/NP/E+ (stable), which does not factor any support from the bank's
shareholders and Kazakh financial authorities. The bank's obligations under the
guarantee will rank at least pari passu in right of payment with all other
present and future unsecured obligations - as may be preferred by mandatory
provisions of applicable law of general application.
According to the terms and conditions of the notes, Temirbank must maintain on
a consolidated basis (reported under IFRS) capital adequacy ratio of at least
10 % as well as comply with a number of other covenants such as negative
pledge, limitations on mergers and consolidation, and restrictions on
distribution of dividends. The rating agency notes that, while the likelihood
of any of the above- mentioned covenants being triggered is relatively low, any
such occurrence could potentially have adverse liquidity implications for the
bank and might exert additional downward pressure on its ratings.
Headquartered in Almaty, Kazakhstan, Temirbank reported total consolidated
assets of US$487.4 million - in accordance with IFRS - as at 30 November 2005.
London
Adel Satel
Managing Director
Financial Institutions Group
Moody's Investors Service Ltd.
JOURNALISTS: 44 20 7772 5456
SUBSCRIBERS: 44 20 7772 5454
Dmitry Polyakov
Asst Vice President - Analyst
Financial Institutions Group
[2006-03-16]