Alstom Projects funds get 'LAA'

Alstom Projects India Ltd informs that ICRA has reaffirmed the rating of "LAA" for Rs 47.50 crore fund based limits and Rs 1942.21 crore long term non fund based limits. The assigned rating indicates high-credit-quality rating.

ICRA has also reaffirmed a "A1+" rating to Rs 1942.21 crore short term non fund based limits indicating the lowest credit risk in the short term.

This is highest-credit-quality rating assigned by ICRA to short-term debt instruments.