From THE HINDU group of publications
Sunday, October 07, 2001
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From THE HINDU group of publications Sunday, October 07, 2001 |
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Bonds & FDs
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ITC Bhadrachalam NCD & FD programmes
The `AA' and `FAA+' ratings assigned to the Rs 20.569 crore NCD issue and fixed deposit programme (FD) of ITC Bhadrachalam Paperboards (ITC BP) have been placed under ``Rating Watch with Positive Implications''. The `P1+' rating assigned to the Rs 70 crore commercial paper (CP) of the company has been reaffirmed by Crisil.
The amalgamation of ITC BP with its parent company, ITC, is expected to provide greater financial flexibility to ITC BPL's paperboard business with respect to accessing funds for modernisation, expansions and acquisitions.
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