Ugro Capital receives ratings action from India Ratings and Research
Ugro Capital has achieved a significant milestone by receiving the highest rating of IND A1+' for its short-term instrument Commercial Papers (CP) for 7 to 365 days for issue size of Rs 200 crore, as assigned by India Ratings and Research (Ind-Ra).
Further, Ind-Ra has upgraded the Company's Non-convertible debentures (NCDs) to IND A+' from IND A' with Stable outlook for issue size of Rs 850 crore, Bank loans to IND A+'/Stable for issue size of Rs 1850 crore and Subdebt to IND A+'/Stable for issue size of Rs 50 crore.
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First Published: Jul 31 2024 | 5:52 PM IST