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S&P: Kotak Mahindra Prime BBB-
Standard & Poor’s said it assigned BBB- long-term and A-3 short-term counterparty credit ratings to Kotak Mahindra Prime Ltd.
The outlook is negative.
The ratings reflect the company’s status as a core subsidiary of Kotak Mahindra Bank, S&P said.
Kotak Mahindra Prime is viewed as an integral part of its parent company, which has a strong and long-term support commitment, the agency said.
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