Fitch Assigns Kreditprombank's Upcoming Debut Eurobond Expected 'B-' Rating
OREANDA-NEWS. Fitch Ratings has today assigned HSBC Bank plc's upcoming issue of limited recourse loan participation notes expected ratings of Recovery 'RR4' and Long-term 'B-' (B minus).
The notes are to be used solely for financing a loan to Ukraine-based Kreditprombank, which is rated Issuer Default 'B-' (B minus), Short-term 'B', Individual 'D/E', Support '5' and National Long-term 'BBB-(minus)(ukr)'. The Outlooks on the Issuer Default and National long-term ratings are Stable.
The final ratings are contingent upon receipt of final documentation conforming materially to information already received.
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