New York, July 31 (FinanceEnquiry.com) – Analysts at Moody’s Investors Service has assigned a Baa3 rating to Export Import of India proposed issuance of US$ REG fixed rate senior unsecured notes under its US $2.5 billion Euro Medium Term Note program. The outlook on the ratings has been stable.
In a research note published today, the analysts mention that the ratings indicates the status of the notes as senior unsecured obligations of the Bank.
The Baa3 foreign currency issuer and senior unsecured debt ratings of EXIM bank indicates the combination of the inputs like a baseline credit assessment of 12, a high level of government support and the Baa3 sovereign bond rating as systemic support indicator.
EXIM Bank has its headquarters in Mumbai and had assets of INR 637 billion, the analysts say.
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