VTB Capital's 20 bln usd loan participation notes programme rated 'BBB+' - Fitch |
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Mon, 29 Oct 2007 13:11
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MUMBAI (Thomson Financial) - Fitch Ratings said it has assigned long-term 'BBB+' and short-term 'F2' ratings to VTB Capital SA's limited recourse 20 bln usd loan participation notes programme.The ratings agency also said it has assigned an expected long-term 'BBB+' rating to the upcoming issues of fixed and floating rate notes under the programme, the proceeds of which will be used solely for financing loans to Russia's Bank VTB.The ratings agency has a 'BBB+' long-term issuer default rating on VTB, Russia's second-largest bank by assets, with a stable outlook.TFN.newsdesk@thomson.comndi/manCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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