Fitch rates Sberbank eurobond BBB

Fitch Ratings said it has assigned SB Capital SA's new $10 billion loan participation notes issuance program final ratings of long-term BBB for notes to finance senior unsecured loans with maturities in excess of one year and a short-term F3 rating for notes to finance senior unsecured loans with maturities of less than one year.

It has also assigned a final long-term BBB rating to the $500 million issue of 6.48% notes due May 2013, which was the first under the program and used to finance a senior unsecured loan to Sberbank - Savings Bank of the Russian Federation, rated issuer default BBB with a stable outlook, short-term F3, individual C/D and support 2.

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