Fitch Assigns Nadra Bank’s Eurobond Expected B- Rating

Fitch Ratings announced that it assigned an expected long-term B- rating to HSBC Bank’s upcoming issue of loan participation notes, which will be used to finance a loan to Nadra Bank. Fitch also assigned an expected Recovery Rating ‘RR4.’ Nadra Bank is rated long-term issuer default B-, with a stable outlook, and short-term issuer default B. The ratings on the bond are contingent on final documentation. Nadra is Ukraine’s ninth largest bank by assets.