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S&P повысило прогноз рейтингов банка МФК

27 февраля 2002 | Рейтер

Международное рейтинговое агентство Standard & Poor's повысило прогноз рейтингов банка МФК до "положительного" со "стабильного" после объявления об объединении МФК с Росбанком, говорится в сообщении агентства.

S&P также подтвердило долгосрочный и краткосрочный партнерские рейтинги банка МФК, находящиеся на уровне "ССС-" и "С" соответственно.

МФК и Росбанк являются частью группы Интеррос.

"Пересмотр прогноза рейтингов отражает исчезновение неопределенности относительно статуса МФК в группе Интеррос, а также перспективы расширения диверсификации бизнеса МФК, небольшого и узконаправленного банка", - сказал управляющий директор отделения S&P в Париже Скотт Буджи.


Ниже следует текст сообщения S&P на английском языке:

(Press release provided by Standard & Poor's)

NEW YORK, Feb 26 - Standard & Poor's said today that it had revised to positive from stable its outlook on Russia-based MFK Bank following the announcement that MFK will merge with its sister bank Rosbank (not rated). MFK and Rosbank are members of Interros Financial Industrial Group, which includes Norilsk Nickel, Power Machines, and Perm Motors.

At the same time, Standard & Poor's affirmed its triple-'C'-minus long-term and single-'C' short-term counterparty credit ratings on the bank

"The outlook revision reflects the removal of uncertainty regarding MFK's status in the Interros Group," said Scott Bugie, Managing Director in Standard & Poor's Paris office, "and the prospect of better diversification for MFK, a small and narrowly focused Russian bank."

While the announcement signals an increased commitment on the part of Interros toward MFK, the timetable and legal structure of the merger are not yet resolved. The merger is complementary, as it will bring together Rosbank's commercial banking skills with MFK's expertise in financial workouts and debt restructurings.

"The consolidation of the two sister banks," added Ekaterina Trofimova, credit analyst in Standard & Poor's Paris office, "should enhance the Interros Group's identity in the banking sector and better optimize the management of the banking activities within the group."

Interros Group management should develop and announce a merger plan by the end of the first half of 2002. An upgrade of the ratings on MFK would depend on the pace of the merger and the financial condition and commercial position of the combined Rosbank-MFK banking group.

The ratings on MFK currently reflect the bank's narrow business base, high single-party risk concentrations, and weak financial profile that has only partially recovered following the significant losses the bank suffered after the Russian economic crisis of 1998. As is the case with all Russian financial institutions, MFK faces a high level of industry and economic risk due to the country's weak legal system and poor prudential regulation. MFK survived the crisis and has emerged as a Russian investment bank with a satisfactory capital base and expertise in financial workouts and restructurings.

MFK reported Russian ruble (RUR) 4.9 billion ($163.3 million) in total assets as of October 2001. The bank has no branches and employs about 200 people. Its main activities are distressed-debt trading, corporate restructuring, mergers and acquisitions, and asset management. Rosbank, about 10 times the size of MFK measured by assets, is a multibranch commercial bank.

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