Credit rating agency, CARE has re-affirmed A+ rating to Non Convertible Debentures (NCDs) worth Rs 300 crore of PTC India Financial Services. The company has received the rating reaffirmation on the back of parentage support from PTC India, experienced board of directors and management, and comfortable capital adequacy. The rating also supported by the company’s comfortable liquidity position, diversified funding profile and nil gross nonperforming assets (NPAs).
PTC India Financial Services is an Indian non-banking finance institution promoted by PTC India, the company offers an integrated suite of financial services with a focus on infrastructure development, including providing debt (short term and long term) financing and making principal investments in, private sector Indian companies in the power sector, including power generation, equipment supply and fuel source projects.
DISCLAIMER: Accord Fintech provides the Content on “AS IS” basis without any express or implied warranties. Accord Fintech does not warrant the accuracy, timeliness, completeness, adequacy, merchantability, or fitness for a particular purpose of the Content, and Accord Fintech shall not be liable to Licensee or to any third party with respect to any actual or alleged inaccuracy, untimeliness, incompleteness, inadequacy, unmerchantbailty or unfitness.
Copyright 2012 Accord Fintech Pvt. Ltd., distributed by Contify.com