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IBP programme reaffirmed `P1+'

Our Bureau

MUMBAI, Feb.7

CREDIT Rating Information Services of India Ltd (Crisil) has reaffirmed the `P1+' rating assigned to IBP's Rs 100-crore short-term debt programme.

A Crisil press release said the rating has been affirmed in the light of the news that Indian Oil Corporation (IOC) would be assuming management control of IBP after it emerged as a successful bidder for the 33.58 per cent that was being divested by the Government.

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