Fitch Assigns Credit Bank of Moscow's Debut Eurobond Final 'B-' Rating
OREANDA-NEWS. Fitch Ratings has today assigned CBOM Finance p.l.c.'s USD100 million 9.5% issue of limited recourse loan participation notes due 2009 with interest step-up to 10.25% in 2007 final Recovery Rating 'RR4' and Long-term 'B-' (B minus) ratings.
The notes are to be used solely for financing a loan to Russia's Credit Bank of Moscow ("CBOM"), which is rated Issuer Default 'B-' (B minus), Short-term 'B', Individual 'D', Support '5' and National Long-term 'BB+(rus)'.
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