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S&P: India EXIM notes BBB-
S&P said it assigned a BBB- long-term issue rating to a proposed issue of senior unsecured notes by Export-Import Bank of India (India EXIM) under its $10 billion medium-term notes program.
The rating on the notes reflects the bank’s long-term issuer credit rating, S&P said.
The proposed notes will constitute direct, unconditional, unsecured and unsubordinated obligations of India EXIM, the agency said.
They shall rank equally at all times among themselves and with all other unsecured obligations, S&P said.
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