Fitch gives PrivatBank upcoming Eurobond expected ‘B-/RR4’ rating

Fitch Ratings said yesterday in a statement that it assigned UK SPV Credit Finance’s upcoming USD-denominated notes an expected long-term rating of ‘B-’ (in line with the sovereign rating) and recovery rating of ‘RR4’. The notes are expected to have a maturity of five years and will be used solely to finance a loan to PrivatBank, Ukraine’s #1 bank by assets.