Financial Daily from THE HINDU group of publications
Tuesday, Jul 30, 2002
Financial Daily from THE HINDU group of publications Tuesday, Jul 30, 2002 |
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Money & Banking
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Financial Services `AA' rating for Canbank NCD Our Bureau
BANGALORE, July 29 CANBANK Factors Ltd, a subsidiary of the Canara Bank has been assigned `AA' rating by Crisil for its Rs 25-crore non-convertible debenture (NCD) issue. For its Rs 50-crore short-term debt programme, it has been assigned a rating of `P1+' and for its fixed deposit programme, Crisil has assigned it a rating of `FAA'. The high ratings reflect the high safety of the instruments derived primarily from the low delinquency levels of its assets and from the ownership profile.
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