OREANDA-NEWS. Fitch Ratings has today affirmed Russia-based Renaissance Capital Holdings Limited's ("Renaissance Capital") ratings at Issuer Default 'BB-' (BB minus) with Stable Outlook, Short-term 'B', Individual 'C/D' and Support '5'. The ratings of its subsidiary, Renaissance UK Holdings Limited ("RUKHL") are affirmed at Issuer Default 'BB-' (BB minus) with Stable Outlook, Short-term 'B', Individual 'C/D' and Support '3'.

At the same time, Fitch has assigned an expected Long-term rating of 'BB-' (BB minus) to the senior unsecured notes that are to be issued by Renaissance Securities Trading Limited, under the unconditional and irrevocable guarantee of Renaissance Capital and under Renaissance Capital's USD1 billion euro medium-term note ("EMTN") Programme.

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