OREANDA-NEWS. Fitch Ratings has today assigned an expected 'BBB-' (BBB minus) rating to Gaz Capital S.A.'s issue of the eighth tranche under the existing USD15bn loan participation note programme (rated 'BBB-' (BBB minus)).

The bonds rely on a senior unsecured liability of OAO Gazprom (Issuer Default Rating 'BBB-') for repayment.

The final rating for this tranche will be assigned once the tenor, amount and currency of the bonds are decided.