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S&P: Vnesheconombank bond BBB+
Standard & Poor's said it assigned a BBB+ long-term issue rating to RUB 20 billion bond series BO-04 placed by Vnesheconombank.
The bond is to be repaid 1,820 days after the date of issue. It has 20 coupons and a fixed coupon rate set at 8.40% per year, S&P said.
The rating on the bond is equalized with the bank's long-term local-currency issuer credit rating of BBB+.
The ratings are based on the bank's status as a government-related entity with an almost certain likelihood of timely and sufficient extraordinary support from the Russian government in the event of financial distress, the agency said.
Therefore, S&P said it equalizes the ratings on the bank with those on the Russian Federation.
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