KIEV, March 22 - Fitch Ratings has assigned PJSC VTB Bank (Ukraine)'s (VTBU) series C UAH 300 million senior unsecured bonds a final Long-term local currency rating of 'B+', a Recovery Rating of 'RR4' and a National Long-term rating of 'AAA(ukr)', a report by the agency said.

"The bank's obligations under the issues will rank at least equally with the claims of VTBU's other senior unsecured creditors, except those preferred by relevant legislation. Under Ukrainian law, retail depositors' claims rank above those of other senior unsecured creditors. At the end of 2010, retail deposits accounted for 17% of VTBU's total liabilities, according to the bank's local GAAP accounts," reads the report.