OREANDA-NEWS. Fitch Ratings has today assigned Tsesna International B.V. upcoming debut eurobond an expected Long-term 'B-' rating and an expected Recovery Rating 'RR4'.

Kazakhstan-based JSC Tsesnabank ("TSB"), rated Issuer Default 'B-', Short-term 'B', Individual 'D/E' and Support '5', will unconditionally and irrevocably guarantee the due and punctual payment of all amounts at any time becoming due and payable in respect of the notes.

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

The notes are to rank at least equally with the claims of other unsecured creditors of TSB, save those preferred by relevant legislation.