Care Aaa For Il & Fs Offerings

Infrastructure Leasing and Financial Services (IL&FS) has received AAA rating for its fixed deposit and non-convertible debenture (NCD) programmes from Credit Analysis and Research Ltd (CARE).

The NCD is to the tune of Rs 150 crore and the FD is to the tune of up to Rs 22,500 crore.

Sidbi has been given AAA rating for its bonds and fixed deposits programmes sized at Rs 300 crore and up to Rs 100 crore respectively, a CARE release said yesterday. The rating agency has assigned AA rating for Sicoms fixed deposit programme up to Rs 40 crore.

CARE also suspended rating for four leasing and finance companiesIdeal Finance Corporation, Haryana Credit and Leasing Ltd, Tulip Finance and Bajaj Leasing and Finance, a release said.

Meanwhile, Credit Rating Information Services of India (Crisil) said it assigned AA-(so) to a proposed Rs 1000 crore bond issue by the Maharashtra Krishna Valley Development Corporation.

Crisil also reaffirmed a similar rating to the state-owned firms existing Rs 750 crore bonds. Repayment obligations on the bonds are supported through budgetary allocations by the government of Maharashtra, Crisil said in a statement.