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Fitch rates VTB Bank Europe note BBB
Fitch Ratings said it assigned a BBB long-term rating to VTB Europe Finance BV's (formerly Moscow Narodny Finance BV) $500 million floating-rate notes due 2009.
The notes were issued under the company's $2 billion global medium-term note program, which is guaranteed by VTB Bank Europe plc (formerly Moscow Narodny Bank Ltd.). VTB Bank Europe is, in turn, 92% owned by Bank VTB.
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