CARE assigns ‘AA’ rating to proposed NCDs issue of Edelweiss

Credit Analysis & Research (CARE) has assigned ‘AA’ rating to the proposed issue of Non-Convertible Debentures (NCDs) of Rs 500 crore of Edelweiss Financial Services.

Recently, CRISIL assigned ‘A1+’ rating to the company’s short term debt issue worth Rs 2000 crore. The instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations and carry lowest credit risk.

Edelweiss Financial Services is India’s leading diversified financial services company. It is engaged in the business of investment banking, brokerage services, asset management and financing.