Fitch rates Alliance Bank MTN program BB-

Fitch Ratings said it assigned Alliance Bank's and ALB Finance BV's new $1.5 billion global medium-term note program expected ratings of long-term BB- and short-term B.

The agency said Alliance is rated issuer default BB-/stable, short-term B, individual D and support 3.

Proceeds from the issuance of senior unsecured notes by ALB will be deposited with Alliance, the agency added, noting that senior notes issued by Alliance under the program and Alliance's guarantees of senior notes issued by ALB will rank at least pari passu with all present or future unsecured senior obligations of the bank.

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