Fitch rates PBB LPN notes B-

Fitch Rating said it assigned PBB LPN Issuance Ltd.'s proposed issue of senior unsecured notes an expected long-term rating of B- and a recovery rating of RR4.

The proceeds from the issue will be used to finance a loan to Probusinessbank, with a B- long-term issuer default rating, B short-term issuer default rating and BB-(rus) national long-term rating with a stable outlook.

The notes are to be issued under the loan participation program established in July 2005 and rated long-term B- for issues with initial maturities of more than one year and short-term B for issues with maturities of up to one year, the agency said.

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