Bharat Financial Inclusion gets revision in credit ratings for bank facilities

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Capital Market
Last Updated : Jan 04 2019 | 3:31 PM IST
Bharat Financial Inclusion announced that leading credit rating agency has reviewed and revised the credit rating assigned to long term / short term bank facilities of the Company aggregating to Rs.7,500 crore and the details of which are given below:

(a)The credit rating in respect of long term bank facilities has been revised from 'A+' (Single A Plus) to 'AA-'(Double A Minus) [Credit watch with positive implications]. According to rating agency, Instrument with rating of 'AA-' are considered to have high degree of safety regarding timely servicing of financial obligations. Further, such instruments carry low credit risk; and

(b)The credit rating in respect of short- term bank facilities remained unchanged as "A1+' [Credit watch with positive implications]. According to rating agency, Instrument with rating of A1+ are considered to have adequate degree of safety regarding timely servicing of financial obligations. Further, such instruments carry low credit risk.

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First Published: Jan 04 2019 | 3:07 PM IST

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