Fitch rates Locko-Bank eurobond B-

Fitch Ratings said it assigned Locko Finance plc's upcoming issue of RUR-denominated limited recourse loan participation notes expected ratings of recovery RR4 and long-term B-. Fitch also assigned Locko-Bank a long-term local currency issuer default rating of B- with stable outlook, in line with the bank's long-term foreign-currency issuer default rating and outlook.

The notes will be used for financing a loan to Locko, with ratings of short-term B and national long-term BB+(rus).

The outlook for national long term is stable.

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