TEXT-Fitch assigns MMFSL DA Nov 2011 expected rtg

Newswire

(The following statement was released by the rating agency) Nov 25- Fitch Ratings has assigned MMFSL DA Nov 2011 - an ABS transaction - an expected rating as follows: INR3,045.19m purchaser payouts: 'Fitch AA+(SO)(ind)(exp)'; Outlook Stable The new tractor loan pool to be assigned to the purchaser is originated by Mahindra & Mahindra Financial Services Limited (MMFSL, the "originator" or "seller", 'Fitch AA+(ind)'/Stable). The expected rating addresses the timely payment of ...

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