OREANDA-NEWS. Fitch Ratings has today assigned PBB LPN Issuance Limited's USD200m 8.75% issue of loan participation notes due September 2008 and USD58.5m 9% issue due May 2008 final ratings of Recovery 'RR4' and Long-term 'B-' (B minus).

The notes are to be used solely for financing loans to Russia's Probusinessbank ("PBB"), which is rated Issuer Default ("IDR") 'B-' (B minus) with a Stable Outlook, Short-term 'B', Individual 'D', Support '5' and National Long-term 'BB+(rus)' with a Stable Outlook.

PBB is a medium-sized Russian bank, with consolidated (unaudited) assets of RUR32.9bn at end-9M06.