| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Export Import Bank of India > News item |
Fitch rates Export-Import Bank of India loans AAA(ind)
Fitch Ratings said it assigned an AAA(ind) national rating to Export-Import Bank of India's Rs.44.2 billion bank term loans. The agency also affirmed its long-term issuer default rating at BBB-, short-term issuer default rating at F3, national long-term rating at AAA(ind), fixed deposit program at AAA(ind), and ¥24 billion senior unsecured notes and $250 million senior unsecured notes at BBB-.
The outlook is stable.
The ratings are linked issuer default rating of India, based on the bank's role as a policy institution in promoting and financing India's foreign trade, as well as its government ownership, Fitch said.
While the bank's financial condition compares well with commercial banks in India, the agency said its profitability has been under pressure in recent years given the narrowing margins in lending.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.