TEXT-Fitch rates MMFSL DA Dec 2009 - 2 expected 'AA(ind)(SO)'

Newswire

(The following statement was released by the ratings agency) Dec 24 - Fitch Ratings has assigned the purchaser payout in a direct assignment (DA) transaction backed by New Tractor loan pool originated by Mahindra & Mahindra Financial Services Limited (MMFSL, 'AA(ind)'/Stable) an expected rating of 'AA(ind)(SO)' with a Stable Outlook and a Loss Severity (LS) rating of 'LS1'. The expected rating addresses the timely payment of interest and principal to the purchaser by the scheduled ...

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