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Thursday, Jul 25, 2002

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Money & Banking - Credit Rating

`MAA-' for Bata FD programme

Our Bureau

KOLKATA, July 24

ICRA has revised the rating assigned to Bata India Ltd's FD programme from `MAA' to `MAA-'.

The new rating also indicates high safety, but with a relatively lower level of credit quality.

The rating agency, according to a press note, has retained the company's Rs 40-crore CP programme rating at `A1+', indicating highest safety.

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