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From THE HINDU group of publications
Sunday, November 05, 2000










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Xerox Modicorp

The rating of the Rs 35-crore non- convertible debenture (NCD) programme of Xerox Modicorp (XMC) has been downgraded to `AA-' from `AA'.

The company's Rs 100-crore commercial paper programme has been reaffirmed the `P1+' rating. The `P+' rating assigned to the Rs 65-crore, 364-day debenture programme has been withdrawn as the instrument has been redeemed. 

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