OREANDA-NEWS. Fitch Ratings has today assigned Slavinvest Finance SA's USD100 million 9.875% loan participation notes due 2009 a final Long-term 'B-' (B minus) rating and a final Recovery Rating 'RR4'.

The issue's Long-term rating is placed on Rating Watch Positive.

The notes are to be used for the sole purpose of financing a loan 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").