OREANDA-NEWS. Fitch Ratings has been notified that for Sansar Trust Jan 2015, an unconditional and irrevocable guarantee provided by ICICI Bank (BBB-/Stable/F3) has replaced the fixed deposit with Canara Bank (BBB-/Stable/F3), which was in place at closing as the second loss credit facility (SLCF). The change was effective 25 February 2015.

This change is in accordance with the transaction documentation and as a result, the rating assigned to the series A pass through certificates (PTCs) of Sansar Trust Jan 2015 is not affected. The rating is:
Series A PTCs due July 2019: 'BBB-sf'; Outlook Stable

For more details about the rating drivers and sensitivities of Sansar Trust Jan 2015, refer to the rating action commentary "Fitch Rates Sansar Trust Jan 2015 'BBB-sf'; Outlook Stable", dated 12 February 2015 and available at www.fitchratings.com