India s Sundaram Home Finance s long-term debt outlook cut to negative

MUMBAI, Dec. 14, 2007 (Thomson Financial delivered by Newstex) — Indian rating agency Crisil said it has cut the outlook on the long-term debt and fixed deposit programmes of Sundaram Home Finance Ltd to negative from stable, on a similar change in the rating outlook on the company’s majority shareholder - Sundaram Finance Ltd. Crisil, an arm of Standard Poor’s (NYSE:MHP) , said it reaffirmed the ‘P1+’ rating on Sundaram Home Finance’s 1 bln rupee short-term debt programme.

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