Ind-Ra assigns IND AA+ rating to APSEZ’s Rs 200 cr NCDs

08/06/2016 16:42

Adani Group’s arm Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday said credit rating services agency, India Ratings & Research Pvt Ltd (Ind-Ra), has assigned final ‘IND AA+’ rating with stable outlook to the company’s Rs 200 crore Non-Convertible Debentures (NCDs).

“Ratings & Research Private Limited has assigned final ‘IND AA+’ rating with stable outlook for the company’s Non-Convertible Debentures (NCDs) of Rs 200 crore,” Adani Transmission Ltd said in a filing to the Bombay Stock Exchange on June 08, 2016.

Earlier, India Ratings & Research has assigned ‘Provisional IND AA+’ rating with a stable outlook for proposed Non-Convertible Debentures (NCDs) of Rs 200 crore to the company.

Meanwhile, shares of the company closed at Rs 203.70 apiece, down 0.95 per cent, from previous close on BSE.

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