(ADPnews) - Apr 21, 2010 - Indian credit rating agency CRISIL kept yesterday the ratings of AAA/FAAA with a "stable" outlook and of P1+ on various bank facilities of local LIC Housing Finance Ltd (BOM:500253).
The agency has also enhanced its rating of AAA with a "stable" outlook on LIC Housing's INR 173.45 billion (USD 3.9bn/EUR 2.9bn) long-term bank loans (enhanced from INR 130.3 billion).
The ratings continue to reflect the support the company receives from Life Insurance Corporation of India (LIC), its largest shareholder and, by far, India's largest player in the life insurance space. The ratings also reflect LIC Housing's diversified resource profile, …
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