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Satin Creditcare Network gets revision in credit ratings

Capital Market 

From CARE

Creditcare Network announced that CARE has revised the credit ratings for various debt instruments as follows -

Long term (Rs 2800 crore) - CARE A-; Stable (Revised from BBB+; Stable)

Non convertible debentures (Rs 1221.23 crore) - CARE A-; Stable (Revised from CARE BBB+; Stable)

Non convertible debentures -subordinate debt (Rs 21 crore) - CARE A-; Stable (Revised from CARE BBB; Stable)

Non convertible redeemable preference shares (Rs 25 crore) - CARE BBB-(RPS); Stable (Revised from CARE BBB (RPS); Stable)

Commercial Paper (Rs 200 crore) - CARE A2+ (Revised from CARE A2)

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

First Published: Wed, June 27 2018. 09:33 IST
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