Fitch rates Ukreximbank note BB-

Fitch Ratings said it assigned a final BB- long-term rating to Credit Suisse International's $150 million tap issue of 7.65% limited recourse loan participation notes due 2011, which will be used solely for financing a loan to JSC The State Export-Import Bank of Ukraine (Ukreximbank). Credit Suisse International will only pay noteholders amounts (principal and interest), if any, received from Ukreximbank under the loan agreement.

The new notes will be consolidated and form a single series with Credit Suisse International's $350 million issue of 7.65% notes due 2011, the agency said.

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