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Published on 11/30/2012 in the Prospect News Emerging Markets Daily.

Fitch: Globexbank bonds BB

Fitch Ratings said it has assigned Globexbank's RUB 5 billion of three-year series BO-07 senior unsecured bonds an expected ratings of long-term local currency BB(exp) and national long-term of AA-(rus)(exp).

The agency said that the issuer is 99.99% owned by Vnesheconombank (BBB/ stable).

Other Globexbank are long-term issuer default rating at BB with stable outlook and short-term issuer default rating at B.


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