Fitch rates Bank of Moscow notes BBB-

Fitch Ratings said it assigned BOM Capital plc's upcoming $5 billion loan participation note program an expected long-term rating of BBB- for senior notes with maturities in excess of one year.

The notes are to be used solely for financing loans to Bank of Moscow (BBB-/F3/stable).

Fitch said it assigned an expected BBB- rating to the program's upcoming series 1 issue, which is expected to be a $500 million senior unsecured bond maturing in five years.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.