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Tag Archives: CARE

Tata Power’s arm raises Rs 500 crore on private placement basis

Tata Power’s wholly-owned subsidiary – Tata Power Renewable Energy (TPREL) has successfully issued and allotted Guaranteed, Unsecured, Non-Cumulative, Redeemable, Taxable, Listed, Rated, Non-Convertible Debentures (NCDs) for an amount of Rs 500 crore on private placement basis. The NCDs have been rated AA (SO) by CARE. The NCDs will carry a ... Read More »

CARE revises rating of Reliance Communications’ bank facilities

Credit Rating agency Credit Analysis & Research (CARE) has revised rating of Reliance Communications’ long term bank facility to ‘BB’ from ‘A-’. The rating agency has also revised the company’s short term bank facility to ‘A4’ from ‘A2+’. Reliance Communications is India’s foremost and truly integrated telecommunications service provider. The ... Read More »

CARE upgrades ratings of Gayatri Projects’ bank facilities

Credit rating agency Credit Analysis & Research (CARE) has upgraded rating of Gayatri Projects’ long term bank facilities worth Rs 2,108.84 crore to ‘BBB-/Stable’ from ‘BB-’. The rating agency has also upgrade the company’s long term/short term bank facilities worth Rs 3900 crore to ‘BB-; Stable/A3’ from ‘BB-/A4’. The upgrade ... Read More »