OREANDA-NEWS. Standard & Poor's Ratings Services said today that it assigned its 'ruBBB-' Russia national scale rating to the proposed senior unsecured bond issue by Russian leading fruit importer JFC Group Co. Ltd. (CJSC) (B-/Stable; Russian national scale ruBBB-).

The company is issuing a series 1 set of bonds for Russian ruble (RUR) 2.0 billion ($74 million).

"The ratings on the bonds mirror the Russia national scale rating on the company," said Standard & Poor's credit analyst Ivan Strougatski. "We expect the proceeds from the bond issue to be used for refinancing of existing debt."