(ADPnews) - Feb 24, 2011 - Indian rating agency CRISIL yesterday reaffirmed the ratings assigned to two loans and a proposed long-term bank loan facility of NTPC-SAIL Power Company Pvt Ltd at AA/"stable", each.
The agency issued the following press release:
Rs.9550 Million Term Loan AA/Stable (Reaffirmed)
Rs.12570 Million Proposed Long-Term Bank Loan Facility AA/Stable (Reaffirmed)
Rs.1650 Million Working Capital Demand Loan AA/Stable (Reaffirmed)
Rs.1230 Million Letter of Credit/Bank Guarantee P1+ (Reaffirmed)
CRISIL has reaffirmed its rating on NTPC-SAIL Power Company Pvt Ltd's (NSPCL's) bank facilities at aAA/Stable/P1+'. The rating continues to reflect CRISIL's belief that NSPCL will achieve healthy growth in operating income and significantly improve its profitability, …
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