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Article: India : ICRA assigns LAA- / A1+ ratings to Tide Water Oil (India).
- Article from:
- TendersInfo
- Article date:
- September 5, 2009
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Byline: manish03
ICRA has assigned a long-term rating of LAA- to the Rs 300 million Fund Based Facilities of Tide Water Oil (Q,N,C,F)* Co. (India) (TWO).
LAA- is the high-credit-quality rating assigned by ICRA. The rated instrument carries low credit risk.
ICRA has also assigned a short-term rating of A1+ to the Rs 500 million Non-Fund Based Facilities of TWO.
A1+ is the highest-credit-quality rating assigned by ICRA to short-term debt instruments. Instruments rated in this category carry the lowest credit risk in the short term.
The ratings reflect TWO`s long established track record of more than eight decades in the business ...