Fitch rates Probusinessbank note B-

Fitch Ratings said it assigned a final B- long-term rating with a recovery rating of RR4 to PBB LPN Issuance Ltd.'s $200 million 8¾% issue of loan participation notes due September 2008 and $58.5 million 9% notes due May 2008.

The proceeds of the notes will be used solely for financing loans to Probusinessbank, which has B- issuer default, B short-term, D individual, 5 support and BB+(rus) national long-term ratings.

The outlook is stable.

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