OREANDA-NEWS. Fitch Ratings has today assigned Kuznetski Capital S.A.'s upcoming issue of limited recourse loan participation notes an expected Long-term 'BBB' rating.

The notes are to be used solely for financing a loan to Russia's Bank of Moscow.

The final rating is contingent on the receipt of final documents conforming materially to information already received.

Kuznetski Capital S.A. will only pay noteholders amounts (principal and interest), if any, received from BOM under the loan agreement.

Kuznetski Capital S.A. will charge certain of its rights and interests under the loan agreement to BNY Corporate Trustee Services Limited for the benefit of noteholders under a trust deed.