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Published on 6/9/2008 in the Prospect News Emerging Markets Daily.

Fitch affirms Oriental bank of Commerce

Fitch Ratings said it affirmed Oriental Bank of Commerce Ltd.'s long-term foreign-currency issuer default rating at BB+.

The outlook is stable.

The ratings reflect the bank's historically strong tier I and solvency among Indian banks, Fitch said, while also taking into account its majority government ownership.


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