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Published on 5/26/2011 in the Prospect News Emerging Markets Daily.

Fitch: Goldman Sachs (India) notes at AAAemr(ind)

Fitch Ratings said it assigned Goldman Sachs (India) Finance Pte. Ltd.'s Rs. 50 billion of unsecured, redeemable, non-convertible, index-linked debentures an AAAemr(ind) rating.

Fitch affirmed the national long-term rating at AAA(ind) with a stable outlook.

The ratings are driven by the expectation of continued support from the Goldman Sachs Group, Inc. (A+/stable/F1+) with whom its operations are closely integrated, the agency said.


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