OREANDA-NEWS. Fitch Ratings has assigned Sibacademfinance plc's EUR300 million 8,3% senior unsecured notes due November 2011 final ratings of Recovery 'RR4' and Long-term "B".

The notes are to be used solely for financing a loan to Russia-based Sibacadembank ("SAB"), which is rated Issuer Default "B" with a Stable Outlook, Short-term "B", Individual "D" and Support "5".

The issue was made under Sibacademfinance plc's USD1 billion loan participation notes issuance programme, rated Long-term "B" (for senior unsecured notes with initial maturities of more than one year) and Short-term "B" (for senior unsecured notes with initial maturities of up to one year).