Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Sberbank (Savings Bank of the Russian Federation) > News item |
Fitch rates Sberbank notes BBB+
Fitch Ratings said it assigned SB Capital SA's $500 million 6.468% notes issue, due June 2013, a final long-term rating of BBB+. The notes will finance a senior unsecured loan to Savings Bank of the Russian Federation (Sberbank), which has a long-term issuer default rating of BBB+, short-term issuer default rating of F2 and stable outlook.
Sberbank's obligations under the loan agreement will rank at least equally with all other unsecured and unsubordinated obligations of the bank, save those preferred by relevant law, Fitch said.
The notes are the third issue of a $10 billion loan participation program, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.