TEXT-Fitch ups MMFSL DA Sept 2010 - 1's purchaser payouts

Newswire

(The following statement was released by the rating agency) Dec 21 - Fitch Ratings has upgraded MMFSL DA Sept 2010 - 1's (an ABS transaction) purchaser payouts as follows: INR1,218.1m purchaser payouts upgraded to 'Fitch AA+(SO)(ind)' from 'Fitch AA(SO)(ind); Outlook Stable The upgrade follows a similar rating action on the provider of the corporate undertaking - Mahindra and Mahindra Financial Services Limited (MMFSL, 'Fitch AA+(ind)'; Outlook Stable). The upgrade also reflects the level ...

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