OREANDA-NEWS. Fitch Ratings has been notified that for Sansar Trust August 2014, an existing bank guarantee with IDFC Limited. (BBB-/Stable) has been replaced by an unconditional and irrevocable guarantee provided by ICICI Bank Ltd. (BBB-/Stable/F3) as the second loss credit facility (SLCF) for the transaction. The change was effective 15 April 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 August 2014 is not affected. The rating is:
Series A PTCs due February 2019: 'BBB-sf'; Outlook Stable

For more details about the rating drivers and sensitivities of Sansar Trust August 2014, refer to the rating action commentary "Fitch Affirms 4 STFCL ABS PTCs at 'BBB-sf'; Outlook Stable", dated 11 December 2014 and available at www.fitchratings.com.