Fitch Assigns ‘BBB-(EXP)’ Rating To Exim Bank’s Proposed Senior Bonds

Export-Import Bank of India (Exim Bank) has received an expected rating of ‘BBB-(EXP)’ from Fitch Ratings for its proposed senior unsecured bonds. The rating underscores the institution’s strategic importance as India’s policy bank and highlights the high probability of extraordinary state support if required.

Key Highlights

• Fitch Ratings assigned ‘BBB-(EXP)’ to Exim Bank’s proposed senior bonds.
• The rating is consistent with Exim Bank’s long-term issuer default rating (BBB-/Stable).
• Exim Bank’s credit profile is closely linked to India’s sovereign rating of BBB-/Stable.
• Fitch emphasized government support as a key driver, citing Exim’s role in facilitating India’s international trade.
• The final rating will be confirmed upon receipt of complete documentation.
• Exim Bank continues to play a critical role in financing India’s export-import activities and supporting overseas projects.

Broader Context
The rating reflects Exim Bank’s systemic importance and the government’s backing, which ensures confidence among global investors. As India expands its trade footprint, Exim Bank’s ability to raise funds through international bond markets remains vital for sustaining growth in external trade financing.

Sources: Fitch Ratings, Reuters India