ICRA assigns high rating to IIFCL bond

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