CRISIL and Ind-Ra assign ratings to SJVN Commercial Papers Programme

The credit rating agencies assigned ‘ICRA A1+’ and ‘IND A1’ ratings on the company’s proposed CP programme.

Jul 29, 2021 04:07 IST India Infoline News Service

SJVN
CRISIL Ratings Limited and India Ratings and Research (Ind-Ra) have assigned ‘ICRA A1+’ and ‘IND A1’ ratings respectively to SJVN Limited’s proposed issue of Commercial Papers Programme.

“Instruments with this rating indicate a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk,” the company said in a filing on Wednesday.

SJVN Ltd stock trade on Thursday ended at Rs27.45 per piece up by Rs0.05 or 0.18% from its previous closing of Rs27.40 per piece on the BSE.
The scrip opened at Rs27.70 and has touched a high and low of Rs27.70 and Rs27.30 respectively, during intraday trade on Thursday.

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