OREANDA-NEWS. Fitch Ratings has today assigned BG Finance B.V.'s USD200m 9% senior notes due February 2012 final ratings of Long-term 'B' and Recovery 'RR4'.

The issue is to be used solely for financing a loan to JSC Bank of Georgia ("BoG"), rated foreign and local currency Issuer Default 'B' with Stable Outlook, Short-term foreign and local currency 'B', Individual 'D' and Support '5'.

BoG is a systemically important bank with an approximate 28% share in banking sector assets at end-2006. The bank is broadly held, primarily by foreign portfolio investors.