28 Sep 2010 14:57

Fitch assigns Sberbank's $1 bln notes final 'BBB' rating

MOSCOW. Sept 28 (Interfax) - Fitch Ratings has assigned SB Capital S.A.'s USD1bn 5.4% note issue, due March 2017, a final Long-term rating of 'BBB'. The notes are being used to finance a senior unsecured loan to Sberbank of Russia (Sberbank, rated 'BBB'/Stable/'F3'), the agency said in a press release.

The notes have been issued under Sberbank's USD10bn loan participation notes programme, which Fitch rates at Long-term 'BBB' and Short-term 'F3'.