Fitch rates Lukoil notes BBB-

Fitch Ratings said it assigned Lukoil International Finance BV's forthcoming note issue an expected rating of BBB-. Under the terms of the transaction, the notes will constitute senior unsecured obligations of the issuer. The company's other ratings include long-term foreign-currency and local-currency issuer default ratings of BBB- and short-term foreign-currency rating of F3.

The outlook is stable.

The noteholders will rely on a senior unsecured guarantee from OAO Lukoil for repayment. Lukoil International Finance BV is the financing subsidiary of OAO Lukoil.

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