|
|
Article: Moody's assigns Ba2 to AK BARS Luxembourg S.A. notes; Stable Outlook.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- June 2, 2008
CopyrightCOPYRIGHT 2008 Gale acknowledges Publisher's copyright in the text of the Publication and shall place users of that text on notice of that copyright interest. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Moody's assigns Ba2 to AK BARS Luxembourg S.A. notes; Stable Outlook
LONDON. June 2 (Interfax) - Moody's Investors Service has assigned a rating of Ba2 with stable outlook to the Loan Participation Notes to be issued on a limited recourse basis by AK BARS Luxembourg S.A. -- a Luxembourg-based special purpose entity -- for the sole purpose of financing a loan to AK BARS Bank ("ABB"), a bank established under the laws of the Russian Federation, the ratings agency said in a statement on Monday.
The notes will be denominated in US dollars and the loan represents a senior unsecured claim on the bank. The notes will be issued under the US$1.5 billion program ...