Fitch rates TNK-BP notes BB+

Fitch Ratings said it has assigned a senior unsecured rating of BB+ to TNK-BP Finance SA's benchmark issue under its $5 billion guaranteed debt issuance program currently rated BB+.

Under the terms of the securities, noteholders will rely on a senior unsecured guarantee of TNK-BP International Ltd. for repayment. The issue amount will be disclosed later.

Fitch said the final rating is contingent upon receipt of final documents conforming to information already received.

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