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VTB Capital's 20 bln usd loan notes programme rated 'A2/prime-1' - Moody's


Published :
Tue, 30 Oct 2007 17:38
By : Agencies
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MUMBAI (Thomson Financial) - Moody's Investors Service said it assigned VTB Capital SA's 20 bln usd programme No.2 for the issuance of loan participation notes 'A2/prime-1' long and short-term foreign currency senior debt ratings and an 'A2' subordinated debt rating.

The outlook on the ratings is stable.

VTB Capital is Luxembourg-based special purpose vehicle on a limited recourse basis for the purpose of financing senior unsecured and subordinated loans to Russia based VTB Bank.

Moody's also said it assigned its 'A2' rating with a stable outlook to two senior unsecured debt issues of 1.2 bln usd, 6.609 pct series 1 loan participation notes due 2012 and the 800 mln usd floating-rate loan participation notes due 2009.

tfn.newsdesk@thomson.com

ndi/ssa

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