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Fitch rates FSUE Post of Russia bonds BBB
Fitch Ratings said it assigned FSUE Post of Russia's RUB 9 billion domestic bond issues due Oct. 18 a long-term local currency rating of BBB and a national long-term rating of AAA(rus).
The company has long-term local and foreign currency ratings of BBB and a national long-term rating of AAA(rus). The long-term ratings have stable outlooks.
The issuer's short-term foreign currency rating is F3.
According to Fitch, the proceeds from the bond issues will be used for debt refinancing and to fund capital expenditure.
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