From THE HINDU group of publications
Sunday, January 07, 2001
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From THE HINDU group of publications Sunday, January 07, 2001 |
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Srei International Finance
Crisil has assigned an `AAA (FSO)' rating to the Rs 30-crore debenture programme of Srei International Finance Ltd.
This is the first time the rating agency has assigned a rating in India to a debenture programme backed by a guarantee from Netherlands Development Finance Co (FMO), a multilateral funding organisation. The rating is based on an agreement between FMO and Srei International in which the former has given an unconditional and irrecoverable guarantee as regards the repayment of obligations on the instrument. Furthermore, in the event of default, FMO would make accelerated payments of both principal and interest.
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