Fitch Rates NOMOS-Bank bond A-(rus)’

Fitch Ratings has assigned NOMOS-Bank’s 5-billion ruble 1,820-day bond Series 9 issue a National Long-term rating of ’A-(A minus)(rus)’,the agency said on June 20.

Nomos is rated Long-term Issuer Default (IDR) “B+” with a Stable Outlook,Short-term IDR ’B’,Individual ’D’,Support “5” and National Long-term “A-(A minus)(rus)” with a Stable Outlook.

The bank’s obligations under the issue will rank at least equally with all its other senior unsecured creditors,save those preferred by relevant legislation. Under Russian law,the claims of retail depositors rank above those of other senior unsecured creditors. At end—2007,retail depositors accounted for 16% of the bank’s non-equity funding,according to the bank’s audited IFRS accounts,Fitch said.