Medium-term debt programs of Indian firms rated by FITCH

July 6 (Reuters) - Below are the ratings awarded by FITCH
Ratings India Private Ltd. on Medium-term debt issues,
including fixed deposits, of Indian companies. RATINGS BEEN
ISSUED AND UPDATED TILL JULY 3, 2009
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--------------------------Company

Instrument Rating Amount Movement

(Rs.mln) ------
---------- ------

------- -------- Bansal Credits Limited

FD tB(ind)

Withdrawn Dewan Housing Fin. Corp. Ltd.

FD tAA(ind) 2000 Reaffirmed HDFC
Bank Ltd Term Deposit tAAA(ind)

Reaffirmed Muthoot Vehicle & Asset Finance
FD tA-(ind) Reaffirmed National
Housing Bank FD tAAA(ind)
10000 Assigned SAIL
Term Deposit tAAA(ind) 10000 Assigned Shriram City
Finance Ltd. NSTR F1(ind)

Reaffimed Shriram City Finance Ltd.

STD F1(ind)

4000 Reaffimed
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-----------------------------#: Rating Watch with Developing
implications @: Rating Watch with Negative Implications %:
Rating under Credit Watch wd -Rating Stands Withdrawn sp
-Rating Suspended NCD-Non-convertible Debentures; CP-Commercial
Paper; CD-Certificate of Deposit; CCPS-Cumulative Convertible
Preference Shares; CLO-Collateralized Loan Obligation; DDB-Deep
Discount Bond; OFCD-Optionally Fully Convertible Debenture;
PCPS-Partly Convertible Preference Share; PTC-Pass Through
Certificates; SO-Structured Obligation; STB-Short Term Bond;
STD-Short Term Debentures.
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