Fitch rates Probusinessbank eurobond B-

Fitch Ratings said it assigned Probusinessbank a local currency long-term issuer default rating of B- with stable outlook. The rating is aligned with the bank's foreign currency issuer default rating.

Fitch also assigned a recovery rating of RR4 and long-term B- to LPN Issuance Ltd.'s RUB 3 billion 9.75% issue of loan participation notes due July 2010. The notes will finance a loan to Probusinessbank.

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