Fitch: Alfa-Bank notes BB+

Fitch Ratings said it assigned a final BB+ rating to Alfa Bond Issuance plc's $75 million 7½% seven-year subordinated issue of limited recourse loan participation notes due Sept. 26, 2019.

The proceeds from the issue are to be on-lent to OJSC Alfa-Bank, which has a long-term issuer default rating of BBB- with a stable outlook, a short-term issuer default rating of F3, viability rating of BBB- and national long-term rating of AA+(rus).

© 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.