Fitch rates Karelia bond A+(rus)

Fitch Ratings said it assigned the Republic of Karelia's upcoming RUR 1 billion domestic bond issue due 2 June 2011, an expected national long-term rating of A+(rus).

The republic has long-term local- and foreign-currency ratings of BB- and a national long-term rating of A+(rus). The short-term foreign-currency rating is B.

The outlook on the long-term ratings is positive.

The coupon rate will be set at the auction on June 4.

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