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BSE SENSEX
73,730.16
-609.28
-0.82 %
Corporate Announcement
Security Code
500336
Company
Surya Roshni Ltd
Exchange Received Time
21/10/2017 16:08:05
Exchange Disseminated Time
21/10/2017 16:08:10
Time Taken
00:00:05
Credit Rating |
10/21/2017 4:08:05 PM
In terms of Regulation 30 read with Para A of Part A of Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that in view of the requirement of dual rating for its Commercial Paper Programme of Rs. 325 Crores, the Company has approached to CARE Ratings for rating of same.
CARE Ratings has assigned Credit Ratings of Commercial Paper Programme of Surya Roshni Limited to CARE A1+ (SO) for Rs. 305 Crores on the credit enhancement in the form of Stand by Letter of Credit (SBLC) issued by State Bank of India, Punjab National Bank, Canara Bank and HDFC Bank and to CARE A1( SO) for Rs. 20 Crores on the credit enhancement in the form of SBLC issued by IDBI Bank Limited.
The aforesaid ratings assigned by CARE are in line with already assigned ratings by ICRA for the Commercial Paper Programme of the Company.
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