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Agri-Biz & Commodities - Commodity Exchanges
Corporate - Credit Rating
NCDEX gets `CCR AA' rating

Our Bureau

Mumbai, July 20

Crisil has assigned a `CCR AA' rating to National Commodity and Derivatives Exchange Ltd (NCDEX). This is the first credit rating assigned to an Indian exchange.

The `CCR AA' indicates high degree of strength with regard to honouring debt obligations. However, it is not a rating of a debt instrument of NCDEX, Crisil said in a statement.Crisil has a 12 per cent equity stake in NCDEX and the boards of directors of Crisil and NCDEX have a common Chairman and Director.

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