Fitch rates Alfa-Bank tier 2 notes BB

Fitch Ratings said it assigned Alfa Bond Issuance plc’s upcoming issue of subordinated tier 2 eurobonds due 2030 a final long-term rating of BB.

“The notes are rated one notch below Alfa’s bb+ Viability Rating (VR), reflecting below-average recovery prospects for the notes in case of a non-viability event,” said Fitch in a press release.

Alfa Bond will lend the proceeds to Alfa-Bank.

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