Fitch Rates ABH Financial Limited's LPN Issue 'BB(emr)'

December 30, 2015 12:09 PM

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(The following statement was released by the rating agency) MOSCOW, December 30 (Fitch) Fitch Ratings has assigned Alfa Holding Issuance plc's (AHI) RUB1.8bn senior issue of limited recourse loan participation notes (LPNs) a final 'BB(emr)' rating.

The notes are to be repaid in several instalments with the last one on 28 August 2018. The coupon is floating, referencing various market instruments. Fitch appends a subscript (emr) to the rating to highlight that the variability of the coupon created by the embedded market risk is excluded from th...

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