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Fitch affirms Rural Electrification
Fitch Ratings said it affirmed Rural Electrification Corp.'s long-term foreign-currency and local-currency issuer default ratings at BBB- and national long-term rating at AAA(ind).
The outlook is stable.
The ratings on its Rs. 280 billion annual borrowing program for 2010 to 2011 and existing long-term debt have been affirmed at AAA(ind), Fitch said.
The ratings on the company's Rs. 50 billion short-term debt/commercial paper program (part of its Rs. 280 billion annual debt program for 2010 to 2011) and existing short-term debt/commercial paper program have been affirmed at F1+(ind).
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