OREANDA-NEWS. Fitch Ratings has today assigned Kazanorgsintez SA's ("KOS-SA") proposed issue of approximately USD150 million-USD200m loan participation notes an expected senior unsecured 'B' rating.

The notes are expected to have a maturity of up to five years.

The final rating is contingent on receipt of final documentation conforming to information already received.

KOS-SA is a public limited liability company, incorporated under the laws of Luxembourg. The purpose of the company is to issue the notes and lend, under a loan agreement, the proceeds to OJSC Kazanorgsintez.