Fitch Rates RUR 5 Billion Senior Bond of RAB at AAA
OREANDA-NEWS. June 27, 2008. Fitch Ratings assigned Russian Agricultural Bank’s 7th documentary interest-bearing bonds payable on demand worth RUR 5 billion maturing in 2018 a National Long-term 'AAA(rus)' rating, reported the press-centre of RAB.
RAB is rated Long-term Issuer Default (IDR) 'BBB+' with Stable Outlook, Short-term IDR 'F2', Individual 'D', Support '2', Support Rating Floor ‘BBB+’ and National Long-term 'AAA(rus)' with Stable Outlook.
Funds raised from the placement will be used to expand RAB’s active operations and contribute to the implementation of the Federal Program on Agribusiness Development 2008-2012.
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