S&P: India finance companies view stable

Standard & Poor's said it revised the outlook on the long-term issuer credit ratings of Export-Import Bank of India, Power Finance Corp. Ltd., Indian Railway Finance Corp. and India Infrastructure Finance Co. Ltd. to stable from negative. S&P also affirmed the BBB- long-term issuer credit ratings on the four entities.

The revised outlooks reflect the similar outlook revision on the sovereign credit ratings of the Republic of India, S&P said.

The outlook revision takes into account the four government-related entities' integral relationship with and the critical role to the sovereign, resulting in the likelihood of extraordinary government support, the agency said.

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