Fitch Assigns Bank Renaissance Capital's Upcoming Loan Participation Notes Expected 'B-' Rating
OREANDA-NEWS. Fitch Ratings has today assigned Ensorte Enterprises Limited's upcoming issue of limited recourse loan participation notes expected ratings of Long-term 'B-' (B minus) and Recovery 'RR4'.
The notes are to be used solely for financing a loan to CB Renaissance Capital (OOO) ("CBRC"), which is guaranteed by Renaissance Capital International Services Limited, Bermuda.
Ensorte Enterprises Limited, a Cyprus-domiciled limited company, will only pay noteholders principal and interest received from either CBRC or from the guarantor.
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