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Published on 2/9/2010 in the Prospect News Emerging Markets Daily.

Fitch rates Indian Oil notes BBB-

Fitch Ratings said it assigned a final rating of BBB- to Indian Oil Corp.'s $500 million of senior unsecured notes due 2015.

This follows the completion of the issue and the receipt of documents conforming to information already received, the agency said, adding that the final rating is in line with the expected rating assigned in January.


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