Business Daily from THE HINDU group of publications
Friday, Jul 21, 2006

Cross Currency

Group Sites

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.

More Stories on : Commodity Exchanges | Credit Rating

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
NCDEX gets `CCR AA' rating

Kerala Govt to set up debt relief panel soon
Karnataka Bank in financing pact
Millers yet to firm up wheat import deals
Quality norms bug NCDEX potato futures
Tapioca, mushroom to come under horticulture
10,000 sub-market yards coming up
Spot rubber prices improve
Tea prices firm at Kochi auctions
Farmers urge Mettur dam maintenance
Contingency plan to tackle scanty rainfall
Groundnut oil weakens
Sequoia invests $20 m in Amalgamated Bean Coffee
Cardamom season begins on a positive note
Eastern Condiments gets ISO tag
Pepper futures recoup
In great demand

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

Copyright 2006, 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