Fitch присвоило рейтинг "ВВ-" евробондам банка Альянс (Казахстан)

/REUTERS, перевод Владимира Кузнецова, 30.03.06/ - Международное рейтинговое агентство Fitch Ratings присвоило в четверг программе выпуска среднесрочных нот казахстанского банка Альянс на $1,5 миллиарда долгосрочный ожидаемый рейтинг "ВВ-" и краткосрочный "В". Fitch также присвоило ожидаемый долгосрочный рейтинг "ВВ-" запланированному первому выпуску евробондов в рамках данной программы. Ниже приводится оригинальный текст сообщения Fitch. FITCH ASSIGNS ALLIANCE BANK'S UPCOMING EUROBOND EXPECTED BB-' RATING Fitch Ratings-London/Moscow-30 March 2006: Fitch Ratings has today assigned Alliance Bank's ("Alliance") and ALB Finance B.V.'s ("ALB") new USD1.5 billion global medium-term note programme expected ratings of Long-term 'BB-' (BB minus) (for senior unsecured notes with maturities in excess of one year) and Short-term 'B' (for senior unsecured notes with maturities of less than one year). It has also assigned an expected Long-term 'BB-' (BB minus) rating to the upcoming USD issue, which is the first draw-down under the programme. The final ratings are contingent upon receipt of final documentation conforming materially to information already received. Alliance is rated Issuer Default 'BB- (BB minus)/Stable, Short-term 'B', Individual 'D', and Support '3'. Public issuance under the programme will be rated separately. Apart from providing for the issuance of senior unsecured notes, the programme provides for the issuance of subordinated notes, the ratings of which would probably be lower than those of senior unsecured notes. Proceeds from the issuance of senior unsecured notes by ALB will be deposited with Alliance. Alliance will unconditionally and irrevocably guarantee the timely and full repayment of such notes in the trust deed between Alliance, ALB and the trustee, J.P. Morgan Corporate Trustee Services Limited. ALB is a Netherlands- domiciled subsidiary of Alliance. Proceeds from subordinated notes issued by ALB will be on-lent to Alliance under subordinated loan agreements. Senior notes issued by Alliance under the programme and Alliance's guarantees of senior notes issued by ALB will rank at least pari passu with all present or future unsecured senior obligations of the bank, save those preferred by relevant provisions of law and of general application. Under Kazakhstani law, the claims of retail depositors rank above those of other senior unsecured creditors. At end- 2005, retail deposits accounted for 13% of Alliance's total liabilities, according to the bank's audited International Financial Reporting Standards accounts. Covenants limit Alliance's dividend payments to 50% of net income in any particular year and also specify that the terms of all transactions of more than USD2 million must be concluded on a market basis. Alliance also commits to maintaining a total BIS capital adequacy ratio of 10%, and a cross default clause becomes applicable in case of overdue debt in excess of USD10m. Covenants also include restrictions on mergers and consolidations by Alliance. The terms and conditions of the notes contain a negative pledge clause, which allows for a degree of securitisation by Alliance. In the event of such securitisation, Fitch notes that the nature and extent of any over-collateralisation would be assessed by the agency for any potential impact on unsecured creditors. Alliance was founded in 1993 in Pavlodar and in 1999 merged with another mid- sized regional bank. New shareholders led by Seimar Holding Company acquired Alliance in 2001, and since then it has grown quickly to become one of the larger banks in Kazakhstan, ranked fifth by assets at end-H105. Contact: Alexei Kechko, James Watson, Moscow, Tel: +7 495 956 9901. Media Relations: Jon Laycock, London, Tel: +44 20 7417 4327. [2006-03-30]