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 Money & Banking - Credit Rating


LGF programme gets `MAAA'

CHENNAI: ICRA has awarded the highest rating of `MAAA' (indicating `highest safety') to Lakshmi General Finance's (LGF) additional non-convertible debenture programme of Rs 100 crore.

LGF's earlier NCDs to the tune of Rs 145 crore had also been awarded the highest rating of "MAAA" by ICRA, against which the amount outstanding as of date is Rs 88 crore, a press release from the company said. — Our Bureau

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