Fitch rates Absolut Capital notes B

Fitch Ratings said it has assigned Absolut Capital SA's recent $150 million issue of limited recourse loan participation notes due April 2009 a final long-term B rating.

The notes are to be used solely for financing a deposit with Russia's Absolut Bank, which is rated issuer default B, short-term B, individual D, support 5 and national long-term BBB.

The outlook is stable.

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