S&P: Four India GREs view to negative

Standard & Poor's said it revised the outlooks on four Indian government-related entities to negative from stable and affirmed its BBB- long-term issuer credit ratings on these entities.

The companies include Export-Import Bank of India, India Infrastructure Finance Co. Ltd., Indian Railway Finance Corp. and Power Finance Corp. Ltd.

The outlook revisions reflect the change in outlook on the Republic of India, S&P said.

The agency said it equalized the ratings and outlooks on these companies with the sovereign because of their integral linkages with and critical roles in the government of India.

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