S&P: Export-Import Bank of India notes BBB-

Standard & Poor's said it assigned its BBB- issue rating to Export-Import Bank of India's proposed benchmark size dollar-denominated senior unsecured notes.

The agency said the rating on the 10-year notes reflects the long-term counterparty credit rating on the bank. The notes are drawn down from the bank's $6 billion medium-term note program, also rated BBB-.

The proposed notes will constitute direct, unconditional, unsecured, and unsubordinated obligations of the bank.

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