OREANDA-NEWS. Fitch Ratings has today assigned Dresdner Bank AG's loan participation notes of up to EUR408 million with a 10- to 15-year tenor final Long-term foreign currency 'BBB+' rating.

The notes' proceeds will be on-lent to the City of Moscow under a credit facility agreement.

The liability of Dresdner Bank AG towards the note holders is limited to the City of Moscow's repayment of principal and interests. This links the underlying credit risk of the notes entirely to the City of Moscow's.