Common Contracts
1 similar Rating Agreement contracts
Re: Update on ICRA-assigned Credit Rating for Rs. 4000 crore Non-Convertible Debenture (NCD) programme of Nabha Power LimitedRating Agreement • August 26th, 2022
Please refer to the Rating Agreement dated August 19, 2014 and May 12, 2021 executed between ICRA Limited (“ICRA”) and your company, whereby ICRA is required to review its ratings, on an annual basis, or as and when the circumstances warrant. Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has reaffirmed the long-term rating at [ICRA]AAA(CE) (pronounced ICRA triple A credit enhancement) (“Rating”) for the captioned debt programme. The outlook on the long-term rating is Stable. This Rating indicates a highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.
