This Article is From Dec 29, 2016

Icra Assigns Investment Grade To Rs 5,000 Crore Citicorp Debentures

Icra Assigns Investment Grade To Rs 5,000 Crore Citicorp Debentures

Icra said the outlook on the long-term ratings of the company is 'stable'. (Representational image)

New Delhi: Rating agency Icra on Thursday assigned a 'AAA (stable)' investment grade to the Rs 5,000 crore NCD or non-convertible debenture programme of Citicorp Finance (India) Limited.

The rating agency has already given rating of 'PP-MLD AAA' on the Rs 2,534.16 crore market-linked debenture (MLD) programme, and 'AAA' on Rs 450 crore secured bank lines and Rs 5,000 crore non-convertible debenture programme of Citicorp Finance (India) Ltd, Icra  said in a statement on Thursday.

The outlook on the long-term ratings of the company is 'stable', it said.

Icra also has assigned a rating of 'A1+' on the Rs 4,000 crore Commercial Paper programme of the company.
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