Fitch: No change for Bank of Baroda

Fitch Ratings said that Bank of Baroda's ratings will not be affected by its exposure to Dubai World, a company owned by the Government of Dubai, which is restructuring its debt obligations.

The bank has reported a $200 million exposure to Dubai World, the largest reported by an Indian bank, Fitch said.

The agency said it is awaiting further details on whether the amount is part of the $26 billion debt restructured by Dubai World and its subsidiaries, the agency said.

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