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Cholamandalam Investment & Finance Company gets ratings upgrade for LT debt instruments

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Capital Market

From CRISIL

Cholamandalam Investment & Finance Company announced that CRISIL vide its letter dated 22 June 2015 has upgraded the rating for the long-term debt instruments of the Company to 'CRISIL AA/Stable' from 'CRISIL AA-/Positive'. The outlook on the above debt instruments denotes high degree of safety regarding timely servicing of financial obligations and such instruments carry very low credit risk.

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First Published: Jun 24 2015 | 12:35 PM IST

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