Fitch rates Alliance Bank notes BB-

Fitch Ratings said it has assigned Alliance Bank's and Alliance Bank Finance BV's $1.5 billion global medium-term note program final ratings of long-term BB- for senior unsecured notes with maturities in excess of one year and short-term B for senior unsecured notes with maturities of less than one year.

It has also assigned a final long-term BB- rating to the recent 8.75% $250 million issue due April 2011, which is the first drawdown under the program.

Alliance is rated issuer default BB-/stable, short-term B, individual D and support 3.

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