OREANDA-NEWS. Fitch Ratings has today assigned RSHB Capital S.A.'s upcoming issue of senior limited recourse loan participation notes an expected Long-term rating of 'BBB+'.

The issue is to be denominated in Swiss francs and used solely for financing a loan to JSC Russian Agricultural Bank ("RAB"), rated Issuer Default 'BBB+' with a Stable Outlook, Short-term 'F2', Individual 'D', Support '2' and National Long-term 'AAA(rus)' with a Stable Outlook. RSHB Capital S.A. will only pay noteholders amounts (principal and interest) received from RAB under the loan agreement.

The final rating of the issue is contingent on receipt of final documentation conforming materially to information already received.