Fitch rates Nomos Bank bond issue A-(rus)

Fitch Ratings said it assigned Nomos Bank's RUR3 billion 1,092-day bond series 8 issue a national long-term rating of A-(rus). Nomos has a long-term issuer default rating of B+, short-term issuer default rating of B, individual rating of D, support rating of 5 and national long-term rating of A-(rus).

The outlook is stable.

The bank's obligations under the issue will rank at least equally with all its other senior unsecured creditors, save those preferred by relevant law.

Nomos was among the 20 largest Russian banks with $7.4 billion of total assets at Dec. 31, 2007, according to statutory accounts. The franchise is focused primarily on serving corporations operating in the defense, energy and mining sectors, although a broadening of the corporate customer base is being pursued, the agency said.

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