CARE reaffirms ratings to Sadbhav Engineering's bank facilities

08 Jan 2014

Credit rating agency, Credit Analysis & Research (CARE) has reaffirmed the long term bank facilities of Rs 441.50 crore and short term /long-term bank facilities of Rs 1,550.00 crore of Sadbhav Engineering.  The credit rating agency has reaffirmed the ‘A+’ relating to the Long Term facilities of the company. Instruments with this rating are considered to have very adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

The rating agency has reaffirmed ‘A1+’ rating relating to the Short Term facilities of the company. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

Besides, the rating agency has reaffirmed the ‘A1+’ rating assigned to the Short Term Debt (STD) of the company including Commercial Paper for an amount of Rs 200 crore enhanced from Rs 175 crore. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

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