Fitch rates Rusfinance Bank bonds BBB+

Fitch Ratings said it assigned an expected long-term local-currency rating of BBB+ to Rusfinance Bank's RUB 4 billion BO-07 senior unsecured bonds with a final maturity in 2018.

The bank has long-term foreign- and local-currency issuer default ratings of BBB+, national long-term rating of AAA(rus), short-term foreign-currency issuer default rating of F2 and viability rating of BB.

The issue rating corresponds to the bank's long-term local-currency issuer default rating, which is driven by potential support from Societe Generale, which owns 82.4% in Rosbank, a 100% parent of Rusfinance Bank.

Fitch said it views Societe Generale's propensity to support the bank as high due to its strategic importance to the Russian market.

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