OREANDA-NEWS. Fitch Ratings has today assigned IIB Luxembourg S.A.'s upcoming issue of EUR-denominated limited recourse notes expected ratings of Long-term "B" and Recovery "RR4".

The final ratings are contingent on the receipt of final documentation conforming materially to information already received.

The notes are to be used solely for financing a loan to Russia's International Industrial Bank ("IIB").

IIB Luxemburg will only pay noteholders amounts (principal and interest) received from IIB under the loan agreement. IIB Luxemburg will grant security over the loan to a trustee, the Bank of New York, for the benefit of noteholders.