SREI Infrastructure Finance Ltd has announced that Fitch Ratings India Pvt Ltd has vide its letter dated June 04, 2007 placed the 'AA-(ind)' (AA minus(ind)) National Long-term Rating, 'F1+(ind)' National Short-term Rating, 'AA-(ind)' (AA minus(ind)) National Rating of INR1 Bn Subordinated debt, 'AA-(ind)' (AA minus(ind)) Long-term rating and 'F1+(ind)' Short term rating of senior unsecured debt and 'F1+(ind)' Short-term debt rating of the Company on Rating Watch Evolving (RWE).