The Hindu Business Line : Crisil puts TN units on rating watch

Crisil has placed the outstanding ratings of `A+(so)' on the Tamil Nadu Government- guaranteed bonds of the Tamil Nadu Electricity Board and Tamil Nadu Industrial Development Corporation on `Rating watch with negative implications'.

The action follows recent announcements by the State Government of its intention to implement various pre-electoral promises, including sale of rice at Rs 2 per kg, free power supply, waiver of farm loans and distribution of free colour television sets.

These schemes also form part of the Governor's address in the Legislative Assembly on May 24.

More Stories on : Credit Rating | Govt Bonds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Course in Actuarial Management

Forex reserves increase by $952 m

Rupee gains marginally

Max New York Life targets Rs 1,000-cr new biz premium

Govt reluctant to clear AICIL expansion move

Crisil puts TN units on rating watch

Bond prices fall; sentiment negative

South Indian Bank board okays hike in FII limit

Moratorium on Ganesh Bank extended

7 States to sell loans

Union Bank Q1 loan growth at 34 per cent

Indian Bank chief speaks in defence of bankers

Bank credit increases by Rs 12,601 cr

Call rates remain flat

Andhra Bank to focus on low-cost deposits

RBI staff plan dharna