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Cholamandalam Investment & Finance Company gets upgradation in credit ratings

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Capital Market 

From ICRA

Cholamandalam Investment & Finance Company announced that ICRA has upgraded the ratings for various debt instruments as follows -

Term loan of Rs. 10,213.66 crore - Upgraded to [ICRA]AA+ from [ICRA]AA, Outlook has been revised from Positive to Stable.

NCDs for Rs. 12,968.20 crore & Sub Debt for Rs. 2,295 crore - Upgraded to [ICRA]AA+ from [ICRA]AA-, Outlook has been revised from Positive to Stable.

Perpetual debt for Rs. 1,330 crore - Upgraded to [ICRA]AA from [ICRA]AA, Outlook has been revised from Positive to Stable.

Rs 4000 crore fund and non-fund based Facilities - Long term rating upgraded to [ICRA] AA+ from [ICRA] AA / Short term rating reaffirmed at [ICRA]A1+ , Outlook has been revised from Positive to Stable.

Commercial Paper for Rs. 6,000 crore - Reaffirmed the rating at [ICRA]A1 +, Outlook has been revised from Positive to Stable.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, April 26 2018. 19:18 IST
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