Fitch affirms Ventrelt

Fitch Ratings said it has affirmed Ventrelt Holding Ltd.'s long-term foreign and local currency issuer default ratings at BB-, respectively, and its national long-term rating at A+(rus).

Fitch said it has also affirmed the bond rating of RVK Finans' RUB 1.75 billion at BB- senior unsecured instrument rating.

According to the agency, the bond issued by RVK Finans benefits from sureties provided on a joint and several basis from RVK-Invest, Krasnodar Vodokanal, Tyumen Vodokanal and Kaluga Vodokanal.

Ventrelt Holding's ratings reflect the existing regulatory framework in the Russian Federation and the moderate leverage, short-term funding structure and strong market position of the group, the agency added.

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