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Published on 9/26/2014 in the Prospect News Emerging Markets Daily.

S&P revises Indian GREs to stable

Standard & Poor's said it revised the outlooks Export-Import Bank of India, India Infrastructure Finance Co. Ltd., Indian Railway Finance Corp. Ltd. and Power Finance Corp. Ltd. to stable from negative.

At the same time, the agency affirmed the BBB- long-term issuer credit ratings on these entities.

S&P said the revisions reflect the change in outlook on the Republic of India (BBB-/stable/A-3).


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