LONDON/MOSCOW, April 27 - Fitch Ratings has assigned UK SPV Credit Finance plc's upcoming issue of USD-denominated limited recourse notes an expected Long-term rating of 'B-' and a Recovery Rating of 'RR4'. The notes are expected to have a maturity of five years. The final ratings are contingent on the receipt of final documentation conforming materially to information already received.

The notes are to be used solely for financing a loan to Ukraine-based PJSC CB PRIVATBANK (PrivatBank). Fitch rates PrivatBank Long-term Issuer Default (IDR) 'B-', Short-term IDR 'B', Individual 'D/E', Support '5' and Support Rating Floor 'No Floor'. The Outlook on the Long-term IDR is Stable. UK SPV Credit Finance plc, a UK-based company, will only pay noteholders amounts (principal and interest) received from PrivatBank under the loan agreement.