From THE HINDU group of publications
Sunday, April 23, 2000
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From THE HINDU group of publications Sunday, April 23, 2000 |
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Crisil reaffirms PFC's bond and FD ratings
Crisil has reaffirmed and removed from rating watch the Rs. 600-crore bond issue of Power Finance Corporation (PFC) and the FAAA rating assigned to its fixed deposit programme. The rating reflects the company's dominant position as a lender in the power sector, the huge demand for funds in the power sector and PFC's favourable financial position arising out of a high degree of capitalisation, low capital cost and comfortable spreads.
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