ICRA assigns high rating to IIFCL bond

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New Delhi, Dec 17 (UNI) Independent credit rating agency, ICRA today assigned high credit quality rating of 'LAAA' to India Infrastructure Company Ltd's (IIFCL) Rs 5 billion bonds/ debt programme.

The rated instrument carries the lowest credit risk, said a statement.

The rating is based on an unconditional and irrevocable guarantee issued by the Ministry of Finance, Department of Economic Affairs, Government of India.

UNI

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