ICRA assigns provisional credit rating to Capital Trust

The credit rating agency has assigned a provisional rating of ICRA BBB+ (SO) to the Pass Through Certificates.

Aug 03, 2021 12:08 IST India Infoline News Service

ICRA Limited has assigned a provisional rating of ICRA BBB+(Structural Obligation, SO) to the Pass Through Certificates (PTC) Series A1 backed by a pool of Rs35.20cr small business loan receivables (underlying pool principal of Rs28.3cr) originated by Capital Trust Limited.

“Instruments with this rating are considered to have a moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk,” the company said in a filing on Monday.

At around 12.54 pm, Capital Trust Ltd was trading at Rs108.95 per piece up by Rs0.55 or 0.51% from its previous closing of Rs108.40 per piece on the BSE.

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