Business Standard

Jain Irrigation Systems intimates of corporate ratings to subsidiary's Green Bonds issue

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From S&P Global Ratings and Fitch Ratings

Jain Irrigation Systems announced that S&P Global Ratings and Fitch Ratings have allotted "B+, Stable Outlook" and "B+ Positive Outlook" respectively, corporate ratings to Jain International Trading B.V ('JITBV'), the Company's wholly owned direct subsidiary, for issue up to USD 200 million of unsecured senior notes (which will also be certified Green bonds) with a USD 50 million over-allotment option. This is an international rating.

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First Published: Jan 17 2017 | 8:41 PM IST

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