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Published on 8/4/2009 in the Prospect News Emerging Markets Daily.

Fitch rates Moscow bond AAA(rus)

Fitch Ratings said it assigned the city of Moscow's upcoming RUR20 billion domestic bond issue due September 2016 an expected national long-term rating of AAA(rus). Its long-term foreign- and local-currency ratings are BBB with a negative outlook, its short-term foreign-currency rating is F3 and a national long-term rating of AAA(rus) with a stable outlook.

The rating is contingent upon the receipt of final documents, Fitch said.


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