OREANDA-NEWS. Fitch Ratings has today assigned UK SPV Credit Finance PLC's ("the SPV") USD500m issue of 8% notes due February 2012 final ratings of Recovery 'RR4' and Long-term 'B'.

The notes are used for the sole purpose of financing a loan from the SPV to Ukraine-based CJSC Privatbank ("Privat"), rated Issuer Default 'B' with a Positive Outlook, Short-term 'B', Individual 'D' and Support '4'.

Privat unconditionally and irrevocably guarantees the payment of principal and interest under the notes.