OREANDA-NEWS. S&P Global Ratings today assigned its 'BBB-' long-term issue rating to a proposed issue of senior unsecured notes by Export-Import Bank of India (India EXIM: BBB-/Stable/A-3) under its US$10 billion medium-term notes program. The rating on the notes reflects the long-term issuer credit rating on the entity.

The proposed notes will constitute direct, unconditional, unsecured, and unsubordinated obligations of India EXIM. They shall at all times rank equally among themselves and with all other unsecured obligations of the entity.

The rating on the notes is subject to our review of the final issuance documentation.