Modern Denim

The leasing major's five separate non-convertible debenture issues were also awarded triple A by the rating agency.

The Rs 3-crore fixed deposit programme of Hoechst Schering AgroEvo was rated AA+(FD). Bajaj Electricals, on the other hand, managed PR+, indicating superior safety for its commercial paper worth Rs 15 crore. The size of the issue was enhanced by Rs 5 crore. SN Finance also raised its FD(SO) to Rs 10 crore. The rating for the issue is BBB+(FD-SO), reflecting moderate safety.