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Fitch Assigns Expected Ratings to Single Loan Sell-Downs

December 27th, 2007

Fitch Ratings-Mumbai/Singapore-26 December 2007: Fitch Ratings has assigned expected ratings to the following issuances of single loan sell-downs:

- INR502.5 million Corporate Loan Securitisation Series XXIII Trust 2006 (Series B): ‘AA(ind)(SO)’ — www.theasianbanker.com (December 27 2007)–

(“Credit Saison”) (President and CEO: Hiroshi Rinno) through a direct purchase from seller. The details of this share purchase are as described below.

1. Purpose of the share purchase

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