Fitch assigned 'BBB-(EXP)' to the proposed senior bonds of EXIM Bank

Fitch Ratings has assigned an expected rating of 'BBB-(EXP)' to the proposed senior unsecured notes of the Export-Import Bank of India. The rating reflects EXIM Bank's important role in financing India's international trade and solid government support due to it being 100% state-owned. Outlook stable, reflecting that the bank will be financially stable and strategic for the Indian economy. This will further improve the capability of EXIM Bank to enhance its capacity to support trade financing.

Source: Fitch Ratings, Economic Times