OREANDA-NEWS. On  26 February 2008 was announced, Moody's Investors Service has confirmed the Baa3 ratings on the following series of notes issued by BTA DPR Finance Company. This rating confirmation and removal of watch for downgrade follows the conclusion of Moody's review of the transaction following the rating action on 6 November 2007, during which the following series of notes were placed on review for possible downgrade as a result of Moody's downgrade of Bank TuranAlem's global local currency deposit rating from Baa3/P-3 to Ba1/NP on 1 November 2007.

USD150,000,000 Class 2007-D Floating Rate Notes due 2015, Baa3 confirmed Moody's also has confirmed the underlying rating of Baa3 in relation to the following series of notes, reflecting the risk posed to the providers of the financial guarantees (for the avoidance of doubt, the underlying ratings do not take the benefit of the related financial guarantees into account and the ratings of the notes, which incorporate the support of such guarantees, are unaffected by this rating action).

USD200,000,000 Series 2007-A Floating Rate Notes due 2015, Baa3 confirmed
USD200,000,000 Series 2007-B Floating Rate Notes due 2015, Baa3 confirmed
USD200,000,000 Series 2007-C Floating Rate Notes due 2015, Baa3 confirmed

The rating action takes into account certain structural amendments to the transaction, including the addition of an early amortisation trigger linked to the ratings of Bank TuranAlem. In Moody's opinion, the structural amendments are sufficient to allow the ratings of the Notes (without any benefit of related financial guarantees) to achieve a one-notch uplift from the current ratings of Bank TuranAlem.

Moody's ratings address only the credit risks associated with the transaction. Other non-credit risks have not been addressed, but may have a significant effect on yield to investors.