Common Contracts
2 similar Rating Agreement contracts
Re: ICRA Credit Rating for the Rs. 15 crore Non-Convertible Debenture (NCD) Programme of Berar Finance Limited (instrument details in Annexure)Rating Agreement • December 22nd, 2020
Please refer to the Rating Agreement dated December 16, 2020 and RRF No. PUN/SECG/2020-21/031 dated December 12, 2020 executed between ICRA Limited (“ICRA”) and your company for carrying out the rating of the aforesaid NCD Programme. The Rating Committee of ICRA, after due consideration, has assigned a [ICRA]BBB (pronounced as ICRA triple B) rating to the captioned NCD Programme. Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk. The outlook on the long-term rating is Stable.
Re: ICRA Credit Rating for the Rs. 20 crore Non-Convertible Debenture (NCD) Programme of Berar Finance Limited (instrument details in Annexure)Rating Agreement • July 17th, 2020
Please refer to the Rating Agreement dated July 14, 2020 and RRF No. PUN/SECG/2020-21/013 dated July 14, 2020 executed between ICRA Limited (“ICRA”) and your company for carrying out the rating of the aforesaid NCD Programme. The Rating Committee of ICRA, after due consideration, has assigned a [ICRA]BBB (pronounced as ICRA triple B) rating to the captioned NCD Programme. Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk. The outlook on the long-term rating is Stable.
