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PRESS RELEASE: Fitch:JSC Russian Railways Bond 'AAA(rus)' Rating (Nasdaq)

Fitch Ratings-London/Moscow-22 July 2008: Fitch Ratings has today assigned JSC Russian Railways' (RZD) RUB20bn domestic bond issue (Series 08) with a coupon of 8.5% due 2011 a final National senior unsecured 'AAA(rus)' rating.

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