OREANDA-NEWS. Fitch Ratings has today assigned VTB-24 Capital P.L.C.'s limited recourse USD5 billion loan participation programme final ratings of Long-term 'BBB+' and Short-term 'F2'. Each issue under the programme will be rated separately.

Fitch has also assigned a final Long-term 'BBB+' rating to the first issue under the programme.
The USD500m issue bears an interest rate of three-month USD Libor + 0.82% and matures in December 2009.

The proceeds are to be used solely for financing a loan to Russia-based CJSC Bank VTB24 ("VTB24").