Wednesday 4 December 2013

ICRA assigns ‘BBB’ rating to NCD programme of Sakthi Finance

Credit rating agency, ICRA has assigned ‘BBB’ rating with a stable outlook for Rs 200 crore Non Convertible Debenture (NCD) Programme proposed to be made by Sakthi Finance. Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit risk.

Sakthi Finance provides a wide variety of loans for cars, commercial vehicles, plant machinery and equipment are available and it is one of the first companies to introduce used vehicle financing.

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