SREI Infrastructure Finance issue gets 'A1+' rating
ICRA assigns highest credit quality rating to the Rs 300 crore short-term debt programme of SREI Infrastructure Finance.
By PTI |
NEW DELHI: Rating agency ICRA on Friday assigned highest credit quality rating to the Rs 300 crore short-term debt programme of SREI Infrastructure Finance.
The debt instrument carries the lowest credit risk in the short term, ICRA said in a release.
The rating of 'A1+' factors in SREI's strong franchise, large customer base and superior market knowledge of infrastructure financing. The rating also take into account good risk adjusted earnings of the company, its adequate capitalisation and comfortable liquidity.
ICRA has also taken note of the proposed joint venture between SERI and BNP Paribas Lease Group and has kept the ratings on various debt instruments of SREI unchanged.
The debt instrument carries the lowest credit risk in the short term, ICRA said in a release.
The rating of 'A1+' factors in SREI's strong franchise, large customer base and superior market knowledge of infrastructure financing. The rating also take into account good risk adjusted earnings of the company, its adequate capitalisation and comfortable liquidity.
ICRA has also taken note of the proposed joint venture between SERI and BNP Paribas Lease Group and has kept the ratings on various debt instruments of SREI unchanged.
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