The FITCH RATINGS agency has assigned the RSHB CAPITAL S. A.’s $1.5-billion Eurobond program a final long-term ’BBB’ rating (for senior Eurobonds with maturities in excess of one year) and a short-term ’F3’ rating (for senior Eurobonds with maturities of less than one year). The Luxembourg RSHB CAPITAL S. A. company was set up to finance ROSSELKHOZBANK’s loans. FITCH has also assigned a final long-term ’BBB’ rating to the first $700-million Eurobond issue under the program. The RSHB CAPITAL S. A. program will be used solely for financing loans to ROSSELKHOZBANK. RSHB will arrange payments to bond holders (the principal debt and accrued interest) only within the limits of funds received from ROSSELKHOZBANK under a loan agreement.
Source: ROSINVEST.COM, May 25, 2006
