TEXT-Fitch affirms MMFSL DA Sept 2009 - 1

Newswire

(The following statement was released by the ratings agency) Dec 31 - Fitch Ratings has affirmed the ratings assigned to MMFSL DA Sept 2009 - 1, as follows: INR810.6m purchaser payouts affirmed at 'AA(ind)(SO)'; Outlook Stable; Loss Severity Rating at 'LS1'. The affirmations are based on the level of available credit enhancement and the performance of the underlying collateral, which consists of loans extended by Mahindra and Mahindra Financial Services Limited (MMFSL, the "originator" ...

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