OREANDA-NEWS. Fitch Ratings has today assigned PSB Finance S.A.'s USD100m tap issue of 8,75% limited recourse notes final ratings of Long-term "B+" and Recovery "RR4".

The notes are to be issued solely to finance a loan to Russia-based Promsvyazbank ("PSB"), rated Issuer Default "B+" with a Positive Outlook, Short-term "B", Individual "D" and Support "5".

PSB is one of Russia's largest privately held banks, majority-owned by the Ananiev brothers. In December 2006 Germany's Commerzbank (Issuer Default "A"/Stable) acquired a 15% stake in PSB and may seek to gain control in the medium term.