OREANDA-NEWS. Fitch Ratings has today assigned UK SPV Credit Finance PLC's ("the SPV") upcoming issue of fixed-rate USD notes expected ratings of Recovery 'RR4' and Long-term 'B'.

The notes are to be used for the sole purpose of financing a loan from the SPV to Ukraine-based CJSC Privatbank ("Privat"), rated Issuer Default 'B' with a Positive Outlook, Short-term 'B', Individual 'D' and Support '4'. Privat will unconditionally and irrevocably guarantee the payment of principal and interest under the notes. The SPV will grant security over the loan to a trustee, the Bank of New York, for the benefit of noteholders.

The final ratings of the issue are contingent upon receipt of final documentation conforming materially to information already received.