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Fitch rates Exim program AAA(ind)
Fitch Ratings said it affirmed Export-Import Bank of India's (Exim) ratings at long-term issuer default rating at BBB-, short-term issuer default rating at F3, national long-term rating at AAA(ind), support rating 2 and support rating floor BBB-.
The agency also assigned a national long-term AAA(ind) rating to Exim's fixed deposit program. The ¥24 billion senior unsecured notes and $250m senior unsecured notes were affirmed at BBB-.
The outlook on the long-term issuer default rating and national long-term rating is stable.
Ratings are linked to India's BBB- long-term issuer default rating, based on government ownership and Exim's role as a policy institution in promoting and financing the country's foreign trade, Fitch said.
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