Fitch присвоило евробондам Темирбанка окончательный рейтинг "В-"
27.03.06 15:00
/REUTERS, перевод Владимира Кузнецова, 27.03.06/ - Международное рейтинговое
агентство Fitch присвоило еврооблигациям Темирбанка (Казахстан) на $150
миллионов с погашением в марте 2009 года окончательный долгосрочный рейтинг
"В-", говорится в сообщении агентства.
Ниже приводится оригинальный текст сообщения Fitch.
FITCH ASSIGNS TEMIRBANK'S EUROBOND FINAL 'B-' RATING
Fitch Ratings-London/Moscow-27 March 2006: Fitch Ratings has today assigned
Temir Capital B.V.'s issue of USD150 million 9.25% notes due March 2009 a
final Long-term 'B-' (B minus) rating and a final Recovery rating 'RR4'.
Proceeds from the issue of the notes will be deposited with Kazakhstan's
Temirbank ("Temir"). Temir has unconditionally and irrevocably guaranteed the
timely and full repayment of the notes in the trust deed between Temir, Temir
Capital B.V. and the trustee, The Bank of New York. Temir Capital B.V. is a
Netherlands-domiciled subsidiary of Temir, which is rated Issuer Default 'B-'
(B minus), Short-term 'B', Individual 'D/E', and Support '5'. The Outlook is
Stable.
Terms and conditions of the programme can be found in Fitch's statement dated
13 March 2006 on the agency's website at www.fitchratings.com.
Temir is one of the 12 largest banks in Kazakhstan, but held a small 1.4% of
the system's assets at end-H105. In 2005, its owners changed the bank's senior
management and refocused its strategy towards aggressive growth in retail
lending, in particular mortgages and car loans. The new management team has
been able to increase loans to individuals by 145% in 11M05. However, the
bank's risk management and operational capacities in this new area are still to
be demonstrated, and the quality of originated assets will be tested only when
a significant amount of the new loans seasons.
Contact: Alexei Kechko, James Watson, Moscow, Tel: +7 495 956 9901.
Media Relations: Jon Laycock, London, Tel: +44 20 7417 4327.
[2006-03-27]