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Published on 12/6/2011 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

S&P corrects VTB Capital notes

Standard & Poor's said it affirmed its BBB issue ratings on five loan participation notes of VTB Capital SA and removed them from CreditWatch with negative implications, where they had originally been placed on March 1, 2011.

Due to an error, the agency said, the ratings on these issues were not affirmed and removed from CreditWatch at the time of the latest rating action on JSC VTB Bank and affiliated entities on Nov. 9.


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