From THE HINDU group of publications
Sunday, July 08, 2001


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Orix Auto Finance NCD

Care has assigned 'PR1+' rating for the additional Rs 10 crore NCD issue of Orix Auto Finance for a maturity not exceeding one year.

The rating factored in the strong business growth achieved by the company and success in the introduction of new products, high asset quality, strong promoters and their demonstrated support to Orix Auto, satisfactory capital adequacy and liquidity.

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