Credit Rating

Sadbhav Engineering Ltd has informed BSE that the rating agency Credit Analysis & Research Ltd. (CARE) has revised the rating of CARE A+ (Single A Plus) to CARE AA- (Double A Minus] assigned to the non-convertible debenture (NCD) issue of the Company for an outstanding amount of Rs. 30.00 crores. Instruments with this rating are considered to have the high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Source : BSE - www.bseindia.com

Published on January 10, 2012
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