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Friday, Mar 12, 2004

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Money & Banking - NBFCs


SCILL's debt plan gets top Crisil rating

Our Bureau

Mumbai , March 11

CRISIL has given the newly set up NBFC of the Standard Chartered group, Standard Chartered Investments and Loans (India) Limited's (SCILL) the highest rating of `P1+' for its proposed short-term debt programme of up to Rs 200 crore.

"We will come out with inter-corporate deposits and commercial paper soon through SCILL for up to Rs 200 crore shortly," said Mr M.A. Ravikumar, Regional Head, Global Markets, Standard Chartered Bank.

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