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Credit Rating

| Updated on November 15, 2017 Published on April 12, 2012

Jaiprakash Power Ventures Ltd has informed BSE that Credit Analysis & Research Ltd (CARE) has reaffirmed:

1. “CARE BBB+” (Triple B Plus) rating assigned to the long term bank facilities of Rs. 16,632.49 crore (enhanced from Rs. 8,823.83 crore). This rating is applicable to facilities having tenure of more than one year. Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk.

2. “CARE A (SO)” (Single A (Structured Obligation) has been assigned to Zero Coupon Non-Convertible Debentures (ZCD)-I aggregating Rs. 999.98 crore and ZCD-II aggregating Rs. 982.59 crore. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

Source : BSE - >www.bseindia.com

Published on April 12, 2012
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