OREANDA-NEWS. Fitch Ratings has today assigned PSB Finance S.A.'s upcoming issue of limited recourse notes expected ratings of Long-term 'B+' and Recovery 'RR4'.

The final ratings are contingent on the receipt of final documents conforming to information already received.

The notes will be issued solely to finance a loan to Russia-based Promsvyazbank ("PSB"), rated Issuer Default 'B+' with a Positive Outlook, Short-term 'B', Individual 'D' and Support '5'. The new notes will be consolidated to form a single series with PSB Finance S.A.'s USD125m issue of 8.75% notes, due October 2011, rated final 'B+'/'RR4'.