Fitch: Metalloinvest bonds BB-

Fitch Ratings said it assigned a final senior unsecured rating of BB- to Metalloinvest Finance Ltd.'s $750 million bonds due in 2016.

The final ratings follow a review of final documents conforming to the documents previously reviewed, Fitch said.

The bonds currently benefit from corporate guarantees provided by JSC Holding Co. Metalloinvest, JSC Lebedinsky GOK and JSC Oskol Elektrometallurgical Plant.

An additional corporate guarantee from JSC Mikhailovsky GOK is pending approval and is to be obtained no later than 50 days post closing, the agency said.

The proceeds from the issue will be used to refinance existing debt, Fitch said.

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