Credit rating agency, Brickwork Ratings has upgraded its rating assigned to ‘AA+’ with stable outlook from ‘AA’ for Srei Infrastructure Finance’s Non-Convertible Debentures (NCDs) aggregating to Rs 4,500 crore. The rating indicates that the instruments are considered to have high degree of safety regarding timely servicing of financial obligations. It also implies that the instruments carry very low credit risk.
This follows the recent rating upgrade of the company’s wholly-owned subsidiary - Srei Equipment Finance (SEFL). Brickwork Ratings has also upgraded SEFL’s rating to ‘AA+’ with stable outlook from ‘AA’ for its non-convertible debentures (NCDs) aggregating to Rs 2,130 crore.
Srei Infrastructure Finance is one of India’s largest integrated infrastructure institutions and has been accorded the Infrastructure Finance Company (IFC) and the Public Finance Company (PFC) status.
