Fitch Assigns Alliance Bank DPR Series 2006 Notes 'AAA'/'BBB-' Final Ratings
OREANDA-NEWS. Fitch Ratings has today assigned Alliance DPR Company's issues of Series 2006-A notes a final rating of 'AAA' and Series 2006-B notes a final rating of 'BBB-' (BBB minus).
Alliance DPR Company is rated Issuer Default 'BB+'. The diversified payment rights ("DPR") future flow transaction has been originated by Alliance Bank ('BB-' (BB minus)/'B'/Stable Outlook).
The 'AAA' rating is based on the 2006-A notes having a full interest and principal guarantee from the Asian Development Bank ('AAA'/'F1+'/Stable Outlook) while the standalone underlying rating of these notes is 'BBB-' (BBB minus).
Alliance Bank is the fourth largest bank in Kazakhstan by deposits.
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