S&P rates Exim India notes BBB-

S&P said it assigned its BBB- long-term issue rating to a proposed benchmark-size issue of dollar-denominated senior unsecured notes by Export-Import Bank of India under the bank’s $10 billion medium-term note program. The rating on the notes reflects the long-term issuer credit rating on the bank.

The proposed notes will constitute direct, unconditional, unsecured, and unsubordinated obligations of Export-Import Bank of India. They shall rank equally among themselves and with all other unsecured obligations of the bank.

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