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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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