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

27 Mar 2012

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.

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