Fitch rates Vneshtorgbank notes BBB-

Fitch Ratings said it assigned VTB Capital SA's $350 million floating-rate loan participation notes due 2006 a final long-term BBB- rating.

The notes finance a deposit with Deutsche Bank Luxembourg SA that is financing a loan to JSC Vneshtorgbank.

VTB is continuing to work with some of Russia's largest corporates and is also looking to expand retail, SME and investment banking services in the medium-term.

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