| Fitch Assigns 'BBB-' to State Bank of India's Senior Bonds | 21-OCT-09 |
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| Fitch Ratings has today assigned a 'BBB-'rating to State Bank of India's senior unsecured USD bonds to be issued under the bank's USD5bn Medium-Term Note programme. The size and pricing of the issue is expected to be finalised today. |
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| Fitch Rates Deutsche Postbank Home Finance's Lower Tier 2 Bonds | 21-OCT-09 |
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| Fitch Ratings has today assigned Deutsche Postbank Home Finance Limited's (DPHF) proposed INR500m lower tier 2 subordinated bonds programme a National Long-term rating of 'AA+(ind)'. The agency has simultaneously affirmed DPHF's National Long-term rating at 'AA+(ind), the existing INR500m lower tier 2 subordinated bonds at 'AA+(ind)', INR500m non-convertible debentures at 'AA+(ind)' and National Short-term rating at 'F1+(ind)'. |
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| Structural shifts to benefit Asian companies: Fitch Ratings | 06-OCT-09 |
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| The changes to industry dynamics and competitive landscapes resulting from the global recession will likely after the profiles of key industry sectors to the benefit of Asian companies by 2012 and there would be more cross-border mergers and acquisitions over the next few years, says Fitch Ratings. |
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| Indian banks pass stress test: Fitch | 02-OCT-09 |
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| Rating agency Fitch in a report today said that Indian banks would remain resilient to face stressful conditions in the current and next financial years. |
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| Fitch Rates Overseas Infrastructure's Bank Loans 'BBB-(ind)'/'F3(ind)' | 25-SEP-09 |
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| Fitch Ratings has today assigned Overseas Infrastructure Alliance (India) Private Limited (OIAPL) a National Long-term Rating of 'BBB-(ind)' with a Stable Outlook. At the same time, the agency has assigned ''BBB-(ind)/F3(ind)' ratings to the company's non-fund based working capital facilities aggregating to INR3,800m. |
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| Fitch Affirms India's Shriram EPC's Commercial Paper at 'F1(ind)' | 17-SEP-09 |
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| Fitch Ratings has today affirmed India's Shriram EPC Ltd's (SEPC) National Long-term rating at 'A-(ind)'. The Outlook is Stable. At the same time, the agency has affirmed SEPC's INR1,798m long-term fund-based limits and its INR910m long-term loans at 'A-(ind)', and its INR5,470m short-term non fund-based limits, INR500m short-term loans and INR1,000m Commercial Paper programme at 'F1(ind)'. The CP programme will be carved out of existing fund-based working capital limits. |
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| Fitch Rates Series C PTCs to be issued by CLSS XXXVII Trust 2006 | 17-SEP-09 |
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| The PTCs' expected rating reflects the credit quality of the underlying obligor, Shriram Transport Finance Co. Ltd. (STFCL or "the obligor"), the payment structure of the PTCs and the legal and financial structure of the transaction. The expected rating addresses the timely payments of interest and of principal by the final maturity date of 23 September 2010, in accordance with the transaction documentation. |
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| Dhanalakshmi Bank plans brand transformation | 02-SEP-09 |
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| Dhanalakshmi Bank is planning a brand transformation initiative which will include changing the logo and related branding treatment across all its customer touch-points. |
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| Fitch Affirms Claris Lifesciences Bank Loan Ratings | 21-AUG-09 |
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| Fitch Ratings has today affirmed Claris Lifesciences Ltd's (Claris) National Long-term rating at 'BBB+(ind)' with a Stable Outlook. Fitch has simultaneously affirmed Claris's INR1,238m outstanding long term bank loans and INR1,535m fund-based cash credit limits at 'BBB+(ind)', respectively, and both its INR175m fund-based limits and INR640m non-fund based limits at 'F2+(ind)'. The agency has assigned Claris' additional outstanding INR250m long term loans and its additional INR275m fund-based cash credit limits respective ratings of 'BBB+(ind)'. |
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