Fitch rates Bank of Moscow eurobond BBB

Fitch Ratings said it assigned Kuznetski Capital SA's upcoming issue of limited recourse loan participation notes an expected long-term BBB rating. The notes will finance a loan to Bank of Moscow, rated long-term issuer default BBB with a stable outlook.

The loan agreement contains covenants restricting disposals by the bank and its subsidiaries and a negative pledge clause, the agency noted.

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