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Sadbhav Engineering gets ratings reaffirmation for proposed issue of NCD

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Capital Market

From CARE

Sadbhav Engineering announced that rating agency Credit Analysis & Research (CARE) has reaffirmed the rating of 'CARE A +' [Single A plus] to the proposed issue of non-convertible debenture (NCD) of the Company upto Rs. 120.00 crore. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

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First Published: Nov 27 2014 | 11:36 AM IST

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