Fitch: GTB Finance notes B+

Fitch Ratings said it assigned a long-term international foreign-currency rating of B+ and a recovery rating of RR4 to GTB Finance BV's $500 million of senior unsecured fixed-rate notes issue.

These notes are issued under GTB Finance's $2 billion global medium-term note program and have a maturity date of May 19, 2016.

The rating is driven solely by Guaranty Trust Bank plc's rating, Fitch said, because payments are unconditionally and irrevocably guaranteed by the bank.

These obligations are senior unsecured obligations, ranking pari passu among themselves and equally with all other unsubordinated unsecured obligations of the bank, the agency said.

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