Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers D > Headlines for DeltaCredit Bank > News item |
Fitch rates DeltaCredit LPNs BBB+
Fitch Ratings said it assigned DeltaCredit Bank's (BBB+/stable/bb+) upcoming debut RUB loan participation notes an expected long-term rating of BBB+(EXP).
The notes will be issued by an Ireland-based special purpose vehicle, DCB Finance Ltd., which will on-lend the proceeds to DeltaCredit. The issue amount, maturity and coupon rate are yet to be determined.
The notes are rated in line with DeltaCredit's BBB+ long-term local currency issuer default rating, which is driven by potential support the bank may receive from its ultimate parent, France's Societe Generale (A/stable) and constrained by the Russian country ceiling of BBB+.
© 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.