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Published on 9/25/2008 in the Prospect News Emerging Markets Daily.

Fitch rates India bonds AAA(ind)

Fitch Ratings said it assigned a final national rating of AAA(ind)(SO) to India Infrastructure Finance Co. Ltd.'s Rs. 2 billion unsecured redeemable non-convertible taxable rupee bonds.

The outlook is stable.

The action follows the receipt of the signed guarantee documents conforming to the information already received, Fitch said. There is an unconditional and irrevocable guarantee from the government of India for the rated debt program, the agency said.


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