Fitch rates Moscow bond AAA(rus)

Fitch Ratings said it assigned the city of Moscow's RUB 3.465 billion domestic bond issue due September 2016 a final national long-term rating of AAA(rus).

The city's long-term foreign- and local-currency ratings are BBB with a negative outlook, its short-term foreign-currency rating is F3 and its national long-term rating of AAA(rus) with a stable outlook.

The bond matures on Sept. 21, 2016 with a coupon of 8% for the first seven periods and of 7% for the rest.

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