MOSCOW, February 15 (RIA Novosti) - International rating agency Fitch said Wednesday it had assigned a BBB final long-term rating to the latest bond issue by Russian state-owned foreign trade bank Vneshtorgbank (VTB).
VTB Capital S.A.'s fixed-rate loan participation notes, totaling 500 million euros, mature in 10 years.
"The notes are to finance VTB Capital's fiduciary deposits with Deutsche Bank Luxembourg S.A. for the purpose of financing loans to Vneshtorgbank (rated Long-term 'BBB'/Stable Outlook, Short-term 'F3')," the agency said
"In December 2005 the total size of the LPNP was increased to $10 billion, but its main terms and conditions remain unchanged (refer to Fitch's statement dated 17 November 2003 for the programme's main terms and conditions)," Fitch said.
