KIEV, June 18 - Fitch Ratings has assigned HSBC Bank Plc's upcoming issue of limited recourse loan participation notes an expected Long-term 'B-' (B minus) rating and an expected Recovery Rating 'RR4'.

The limited recourse notes are to be used solely for financing a loan to Ukraine-based Bank Nadra's ("Nadra"), which is rated Long-term Issuer Default 'B-' (B minus), Outlook Stable, Short-term Issuer Default 'B', Individual 'D/E' and Support '5' and has a Support Rating Floor of 'B-' (B minus). The final ratings on the bond are contingent upon the receipt of final documentation conforming materially to information already received.