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CARE revises rating of Noida Toll Bridge Company’s deep discount bonds

27 Mar 2012 Evaluate

Credit rating agency, Credit Analysis & Research (CARE) has revised the rating of Noida Toll Bridge Company's deep discount bonds (DDBs) from ' A' to ‘A+’.

Noida Toll Bridge Company has been promoted by Infrastructure Leasing and Financial Services (IL&FS) as a special purpose vehicle (SPV). The company’s principal business is operating the bridge, the revenues being generated mainly through the levy of toll charges on users of the bridge.

Peers
Company Name CMP
Larsen & Toubro 4042.10
Kalpataru Projects 1372.65
NCC 122.45
Rail Vikas Nigam 193.50
KEC International 329.80
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