MoneyWorks4Me

SREI Infrastructure gets AA rating from CARE for long term instruments

04 Jul 2012 Evaluate

Credit rating agency, CARE has assigned AA rating to Rs 500 crore Unsecured Subordinated Tier II bonds/ Non Convertible Debentures (NCDs) (Series VI) of SREI Infrastructure Finance.

The company has received the said rating on the back of its satisfactory track record, established experience of the promoter group with prominent position in infrastructure financing space, access to long term foreign funds at competitive rates, comfortable asset quality etc.

SREI Infrastructure Finance’s businesses include infrastructure equipment leasing and finance, infrastructure project finance, advisory and development, insurance broking, venture capital, capital market and Sahaj e -Village. The company has been financing in the infrastructure sector for the last 22 years and has a customer base of over 30,000 all over the country.

Peers