Sadbhav Engineering: Updates on rating by CARE

Jan 07, 2014, 12.27 PM IST

Sadbhav Engineering Ltd has informed that rating agency Credit Analysis & Research Ltd. (CARE) has reaffirmed the rating of CARE A + to the non-convertible debenture (NCD) for an outstanding amount of Rs 230.00 crore.

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Sadbhav Engineering: Updates on rating by CARE

Sadbhav Engineering Ltd has informed that rating agency Credit Analysis & Research Ltd. (CARE) has reaffirmed the rating of CARE A + to the non-convertible debenture (NCD) for an outstanding amount of Rs 230.00 crore.

Like this story, share it with millions of investors on M3

Sadbhav Engineering: Updates on rating by CARE

Sadbhav Engineering Ltd has informed that rating agency Credit Analysis & Research Ltd. (CARE) has reaffirmed the rating of CARE A + to the non-convertible debenture (NCD) for an outstanding amount of Rs 230.00 crore.

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Sadbhav Engineering Ltd has informed BSE that rating agency Credit Analysis & Research Ltd. (CARE) has reaffirmed the rating of 'CARE A +' [Single A plus] to the non-convertible debenture (NCD) for an outstanding amount of Rs. 230.00 crores. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.Source : BSE

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