Friday, 7 February 2014

CARE reaffirms ‘BB-' rating to Golden Goenka Fincorp’s Secured Redeemable NCD

Credit rating agency, Credit Analysis & Research (CARE) has reaffirmed ‘BB-’ rating to Golden Goenka Fincorp’s Secured Redeemable Non-Convertible Debenture (NCD) worth Rs 50 crore. The rating derives strength from the experience of the promoter, infusion of funds by the promoters at regular intervals and comfortable gearing with adequate capitalisation.

Golden Goenka Fincorp, being a non-banking financial company, it is in the business of share investment, assets financing, investment banking, equipment lease and finance and bill discounting for reputed companies. 

No comments:

Post a Comment