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Surya Roshni receives reaffirmation in credit rating for CP program

Capital Market 

Surya Roshni announced that ICRA Ratings has reaffirmed Credit Rating to ICRA A1+(CE) for Rs. 200 crore SBLC backed Commercial Paper Program of Surya Roshni (on the credit enhancement by its bankers).

The rating factored in the payment mechanism designed to ensure payment of the rated CPs as per the terms of the transaction.

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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 29 2021. 19:50 IST