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Fitch affirms National Housing
Fitch Ratings said it affirmed National Housing Bank's national long-term rating at AAA(ind) with a stable outlook and its national short-term rating at F1+(ind).
The ratings are underpinned by the expectation of continued timely support from the government of India, given the bank's apex role in the housing finance sector, as well as by the ownership of the government through the Reserve Bank of India, the agency said.
The National Housing Bank's Rs. 127.6 billion long-term debt program was affirmed at AAA(ind), Rs. 25 billion long-term bank loan program at AAA(ind), Rs. 25 billion short-term bank loan program at F1+(ind), Rs. 10 billion long-term fixed-deposit program at AAA(ind) and Rs. 100 billion long-term debt program at AAA(ind).
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