Fitch gives Bank Credit Dnepr bonds BBB-

Fitch Ratings said it assigned Bank Credit Dnepr's series 1-D UAH 100 million bonds a final national long-term BBB-(ukr) rating.

The agency said that the bonds have final maturity on Jan. 29 with an option available to bond holders to submit bonds for early repayment in January 2009 and January 2010.

The bank's obligations under the issue will rank at least equally with all its other unsecured and unsubordinated creditors, save those preferred by any bankruptcy, employment, insolvency, liquidation or similar laws of general application, the agency said, adding that Bank Credit Dnepr is rated long-term issuer default B-, short-term issuer default rating B, support 5, support rating Floor No floor, individual D/E and national long-term BBB-(ukr).

The outlooks for both long-term ratings are stable.

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