OREANDA-NEWS. Fitch Ratings has today assigned MDM Bank's ("MDM") RUB6 billion senior bond issue due October 2009 a National Long-term 'A+(rus)' rating.

MDM's ratings are National Long-term 'A+(rus)', Issuer Default 'BB-' (BB minus), Short-term 'B', Individual 'C/D' and Support '4'. The Outlooks on both the National Long-term and Issuer Default ratings are Stable.

The bank's obligations under the issue will rank at least equally with the claims of other senior unsecured creditors of MDM, save those preferred by relevant legislation.