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Ind-Ra assigns/reaffirms credit ratings to PNB Gilts; Stock trades flat

The credit rating agency has assigned A1+ to the company's Inter-corporate deposit and affirmed A1+ rating to the company's short-term bank loan.

December 29, 2021 11:00 IST | India Infoline News Service
PNB Gilts
India Ratings and Research Private Limited (Ind-Ra) has assigned ‘IND A1+’ rating to PNB Gilts Limited Inter-corporate deposit of Rs10 billion and affirmed ‘IND A1+' rating to the company's short-term bank loans of Rs20 billion.

The company informed in a separate filing on Tuesday that the company has fully redeemed and paid the redemption proceeds of Rs200cr Commercial Paper Programme as per the terms of issue of the said CPs.

At around 11.02 am, PNB Gilts Ltd was trading flat at Rs66.65 per piece on the BSE.

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