TEXT-Fitch Rates OAIS Auto Financial Services' Bank Loans 'A-(ind)'/'F1(ind)'

Newswire

(The following was released by the rating agency) June 30, 2011 -- Fitch Ratings has assigned India's OAIS Auto Finance Services Ltd (OAFS) a National Long-Term rating of 'A-(ind)' with Stable Outlook, and a Short-Term rating of 'F1(ind)'. A full list of rating actions is provided at the end of this commentary. OAFS's ratings reflect its inextricable linkages with its parent - Orix Auto Infrastructure Limited (Orix Auto, 'A-(ind)'/Stable), together with Fitch's expectation of timely ...

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