Our Bureau

Mumbai, July 20

Crisil has assigned a `CCR AA' rating to National Commodity and Derivatives Exchange Ltd (NCDEX). This is the first credit rating assigned to an Indian exchange.

The `CCR AA' indicates high degree of strength with regard to honouring debt obligations. However, it is not a rating of a debt instrument of NCDEX, Crisil said in a statement.Crisil has a 12 per cent equity stake in NCDEX and the boards of directors of Crisil and NCDEX have a common Chairman and Director.

(This article was published in the Business Line print edition dated July 21, 2006)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.