S&P: EXIM India notes BBB-

Standard & Poor’s said it assigned a BBB- long-term issue rating to a proposed issue of senior unsecured notes by Export-Import Bank of India (EXIM India) under its $10 billion medium-term notes program.

The rating on the notes reflects the long-term counterparty credit rating on the bank, S&P said.

The proposed notes will constitute direct, unconditional, unsecured and unsubordinated obligations of EXIM India. They shall at all times rank at par among themselves and with all other unsecured obligations of the bank, the agency said.

© 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.