Fitch affirms Goldman Sachs (India)

Fitch Ratings said it affirmed Goldman Sachs (India) Finance Pvt. Ltd.'s national long-term rating at AAA(ind), national long-term rating at AAA(ind), Rs. 5 billion long-term debt at AAA(ind), Rs. 10 billion short-term commercial paper rating at A1+(ind) and Rs. 50 million unsecured redeemable non-convertible debentures at AAAemr(ind).

The ratings reflect an expectation of continued support from Goldman Sachs Group, Inc., its 100% ultimate owner, Fitch said.

Goldman Sachs (India)'s operations are integrated with the parent's global policies on management, systems and operations, the agency said.

The ratings may be downgraded if the strong linkages between Goldman Sachs (India) and its parent weaken or if Goldman Sachs' ratings are downgraded significantly, Fitch said.

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