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ICRA assigns A1+ rtg to India Infoline’s STD prog

This article was posted on Mar 9, 2008 and is filed under Press Releases

ICRA has assigned an A1+ rating to the Rs. 5 billion short-term debt programme of India Infoline Ltd (IIL). The rating indicates the highest-credit-quality rating assigned by ICRA to short-term debt instruments. Instruments rated in this category carry the lowest credit risk in the short term. The rating is derived after considering the combined financial and business profile of all companies in the Infoline group The rating factors in IIL’s significantly enhanced networth following private equity placements, adequate experience in retail broking business and its increasing market share, strengthening institutional broking business, diversified business revenues, robust risk management systems and improving financial performance.

Sourced From: India Infoline Ltd

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