Fitch Assigns Bank Renaissance Capital's Loan Participation Notes Final "B-" Rating
OREANDA-NEWS. Fitch Ratings has assigned Ensorte Enterprises Limited's RUB3,29bn issue of 10,5% fixed-rate limited recourse loan participation notes due October 2008 final ratings of Long-term "B-" (B minus) and Recovery "RR4".
The notes are to be used solely for financing a loan, denominated in RUB but funded and repayable in U.S. dollars, to CB Renaissance Capital (OOO) ("CBRC"), which is guaranteed by Renaissance Capital International Services Limited, Bermuda.
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