OREANDA-NEWS. Fitch Ratings has today assigned Slavinvest Finance SA's upcoming issue of limited recourse loan participation notes an expected Long-term 'B-' (B minus) rating and an expected Recovery Rating 'RR4'.

The notes are to be used for the sole purpose of financing a loan ("the loan agreement") to Slavinvestbank LLC ("SIB"), which is rated Issuer Default 'B-' (B minus), Short-term 'B', Individual 'D/E', Support '5' and National Long-term 'BB+(rus)'. The bank's Issuer Default, Support and National Long-term ratings are on Rating Watch Positive ("RWP").

The final rating on the bond is contingent upon receipt of final documentation conforming materially to information already received.