OREANDA-NEWS. Fitch Ratings has today assigned TuranAlem Finance B.V.'s ("TAF") upcoming eurobond issue an expected 'BB+' Long-term rating.

The issue is expected to be denominated in USD and comprise two tranches: a 30-year fixed rate tranche with a put option after 10 years and a two-year floating rate tranche.

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

Fitch has also assigned a 'BB+' Long-term rating to TAF's JPY20 billion 4.25% notes issue due December 2016, which has put and call options exercisable in December 2011.