OREANDA-NEWS. Fitch Ratings has today assigned HSBC Bank plc's upcoming issue of limited recourse loan participation notes an expected rating of Long-term 'BB-' (BB minus).

The notes are to be used for the sole purpose of financing a loan to Joint-Stock Commercial Innovation Bank "UkrSibbank" ("UkrSib") which is rated Issuer Default (IDR) 'BB-' (BB minus), Short-term 'B', Individual 'D/E' and Support '3'. The Outlook on the Issuer Default rating is Positive.

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