OREANDA-NEWS. December 04, 2009. RusAg’s RUB 5 billion 10.1% Series 8 ten-year maturity senior bonds and RUB 5 billion 10.1% Series 9 ten-year maturity senior bonds were rated at ‘BBB’, Long-term local currency rating and ‘AAA(rus)’, National Long-term rating by Fitch Ratings. Russian Agricultural Bank was assigned Long-term local currency Issuer Default Rating (IDR) of 'BBB' with a Negative Outlook. RusAg is rated Long-term foreign currency IDR 'BBB' with a Negative Outlook, Short-term IDR 'F3', Individual Rating 'D', Support Rating '2' and National Long-term rating 'AAA(rus)' with a Stable Outlook, reported the press-centre of RusAg.

RusAg's obligations under the notes will rank equally with the claims of other senior unsecured creditors, save the claims of retail depositors, which under Russian law rank above those of other senior unsecured creditors. Bonds are included in the quotation list of the MICEX Stock Exchange.

Funds raised from the placement will be used to maintain RusAg’s resilient operations and contribute to the implementation of the State Program on Agribusiness Development 2008-2012.