Wednesday, May 4, 2016

Fitch Affirms India's EXIM at 'BBB-'; Outlook Stable

(The following statement was released by the rating agency)

SINGAPORE/MUMBAI, May 04 (Fitch) Fitch Ratings has affirmed the

ratings of

Export-Import Bank of India (EXIM) at 'BBB-'. The Outlook on the

ratings of the

policy institution is Stable. The full list of the rating action

is provided at

the end of this commentary.

KEY RATING DRIVERS

IDRS, SUPPORT RATING AND SUPPORT RATING FLOOR

EXIM's rating is equalised with that of the Indian sovereign

(BBB-/Stable) based

on its key policy role of

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