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Srei Equipment Finance on Thursday announced that SMERA Ratings has upgraded the ratings of its unsecured subordinated non-convertible debentures aggregating Rs 700 crore and secured unsubordinated NCDs aggregating Rs 700 crore to 'SMERA AA+' with a stable outlook from 'SMERA AA'.
The company's NCDs also have a 'BWR AA+' rating with a stable outlook from Brickwork Ratings.
Srei Equipment is a wholly-owned subsidiary of Srei Infrastructure Finance Ltd.
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