Fitch rates VTB-Leasing bond BBB+

Fitch Ratings said it assigned JSC VTB-Leasing a BBB+ long-term local-currency issuer default rating and F2 short-term local-currency issuer default rating. The assigned ratings are aligned with the company's long-term foreign-currency issuer default rating of BBB+ and short-term foreign-currency issuer default rating of F2.

The final rating is contingent upon receipt of final documents.

The outlook is stable.

VTB-Leasing is a subsidiary of state-controlled VTB, Fitch said.

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