Fitch rates Oschadbank notes B

Fitch Ratings said it assigned a final long-term rating of B with a recovery rating of RR4 on SSB No.1 plc's $200 million 8¼% tap issue of limited recourse notes.

The notes are consolidated to form a single series with the outstanding $500 million 8¼% notes due in March 2016 and will be used solely for financing a dollar-denominated loan to JSC State Savings Bank of Ukraine (Oschadbank).

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