Moody's rates Sberbank notes A2

Moody's Investors Service said it assigned an A2 long-term foreign currency debt rating to the $500 million 6.48% loan participation notes due 15 May 2013 issued by SB Capital SA for the purpose of financing a loan to Sberbank.

The outlook is stable.

The agency said that the issue represents the first drawdown of senior unsecured notes under Sberbank's recently established $10 billion multiple seniority debt issuance program.

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