(ADPnews) - Apr 19, 2010 - Indian rating service CARE on Friday assigned its structured obligation (SO) rating of PR1+ to the short-term debt issue of clean energy, shipping and infrastructure firm Siva Ventures Ltd.
The top-notch rating concerns INR 3 billion (USD 68m/EUR 50m) of debt and denotes strong repayment capacity.
The rating is based on the support derived from the earmarked liquid investments which include cash and cash equivalents up to a certain amount as stipulated by CARE. These earmarked liquid investments …
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