Moody's rates Vneshprombank notes B2

Moody's Investors Service said it assigned a B2 long-term foreign-currency senior debt rating to Vneshprombank's $200 million of 9% loan participation notes due November 2016, which were issued on a limited-recourse basis by special-purpose vehicle VPB Funding Ltd. for the sole purpose of financing a loan to Vneshprombank. The outlook is stable.

The B2 rating assigned to the notes is based on the fundamental credit quality of Vneshprombank and is aligned with its baseline credit assessment of b2, the agency said.

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