OREANDA-NEWS. Fitch Ratings has today assigned Locko Finance p.l.c's upcoming issue of limited recourse loan participation notes expected ratings of Recovery 'RR4' and Long-term 'B-' (B minus).

The notes are to be used solely for financing a loan to Locko-Bank ("Locko"), which is rated Issuer Default 'B-' (B minus), Short-term 'B', Individual 'D', Support '5' and National Long-term 'BB+(rus)'. The Outlooks on the Issuer Default and National Long-term ratings are Stable.

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