OREANDA-NEWS. Fitch Ratings has assigned UK SPV Credit Finance plc's USD175 million issue of fixed-rate limited recourse notes a final Long-term rating of 'B' and a Recovery Rating of 'RR4'. The issue has a maturity date of 28 February 2018 and a coupon rate of 10.875%. The notes are to be used solely for financing a loan to Public Joint-Stock Company CB PrivatBank, Ukraine.

The issue's Long-term rating corresponds to PrivatBank's Long-term foreign currency Issuer Default Rating (IDR; 'B'/Stable). The issue's Recovery Rating of 'RR4' reflects average recovery prospects for bondholders in case of default.