Fitch rates VTB Bank bonds B+

Fitch Ratings said it assigned final long-term local-currency ratings of B+ with recovery ratings of RR4 and national long-term ratings of AAA(ukr) to PJSC VTB Bank (Ukraine)'s senior unsecured bonds, including series F for UAH 200 million, series G for UAH 300 million and series H for UAH 250 million.

Fitch also said it assigned expected long-term ratings of B+ with recovery ratings of RR4 and national long-term ratings of AAA(ukr) to two issues of senior unsecured bonds, series I and J, which are currently being placed.

The bank's obligations will rank at least equally with the claims of the bank's other senior unsecured creditors, except those preferred by relevant legislation, Fitch said.

The bank has a long-term foreign-currency issuer default rating of B, long-term local-currency issuer default rating of B+, short-term foreign-currency issuer default rating of B, viability rating of CCC and national rating of AAA'(ukr).

The outlook is stable.

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