Edelweiss Financial Services announced that ICRA has reaffirmed the credit rating of [ICRA]Al +
assigned to the Commercial Paper Programme of Rs. 6,350 crore and Short-term Nonconvertible
Debenture Programme of Rs. 100 crore of the Company.
The rating of [ICRA]Al + indicates very strong degree of safety regarding timely payment of financial obligations. The rating of [ICRA]AA on Non-convertible Debentures Programme of Rs. 466 crore of the Company now stands as [ICRA]AA-. Rating of [ICRA]AA-indicates high degree of safety regarding timely payment of financial obligations carrying very low credit risk.
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