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ICRA assigns A1+ rating to Rs 25 cr CP prog of PIMPL

Written by: Staff

New Delhi, June 13 (UNI) Credit rating agency ICRA has assigned an A1+ rating to the Rs 25 crore commercial paper programme of Passionate Investment Management Private Ltd (PIMPL).

The rating indicates 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 rating factors in the comfortable liquidity, adequate capitalisation and sound risk management systems employed by the company. The rating also factors in the group's experience in the equity broking and research business.


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