Financial Daily from THE HINDU group of publications
Wednesday, Nov 27, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Money & Banking - Credit Rating


`AAA' rating for Exim Bank issue

Our Bureau

MUMBAI, Nov. 26

EXIM Bank of India has received the `AAA' rating for its proposed Rs 1,000-crore bond issue from the Credit Rating Information Services of India Ltd.

The funds will be used for lending activities. We have seen signs of pick-up in export credits. There is also demand for credit from export-oriented units, said a senior official in Exim Bank.

"The Bank has already raised close to Rs 150-crore through various bond issues," the official said.

Exim Bank also had its `AAA' rating for the Rs 700-crore bonds issue and the Rs 2,300-crore bonds issue reaffirmed along with its `FAAA' rating on the term deposit reaffirmed.

The certificates of deposit programme was reaffirmed as `AAA' rating and the commercial paper programme a rating of `P1+', said the release.

Send this article to Friends by E-Mail
Comment on this article to BLFeedback@thehindu.co.in

Stories in this Section
STCI taps foreign currency deposits for fund needs


Re range-bound; gilts up
No inspection of Tata Fin books
Challenges of taking life insurance to small towns
`AAA' rating for Exim Bank issue
Core group of lenders to frame IFCI recast plan
PNB hikes rates for short-term deposits
Low interest rates not spurring new investment
Lord Krishna Bank secures assets thru Ordinance
Will early alert system cure the NPA malady?
Parliament gives assent to NPA Bill
Under metamorphosis
Insurance meet to focus on market penetration
Watal made MD of APSFC


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line