Fitch rates VTB Capital notes BBB-

Fitch Ratings said it assigned VTB Capital SA's new issue of fixed-rate loan participation notes an expected long-term BBB- rating.

The notes have an expected maturity of 30 years with a put option after 10 years.

The notes are to finance VTB Capital's fiduciary deposits with Deutsche Bank Luxembourg SA for the purpose of financing loans to Russia's JSC Vneshtorgbank (long-term foreign currency BBB-/stable outlook, short-term F3, support 2, individual C/D).

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