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credit rating

Credit-Rating

Credit Rating of Tourism Finance Corporation of India Ltd.

The debt issues of TFCI were earlier rated by CARE Ratings Ltd. (CARE) and Brickwork Ratings India (P) Ltd. (BWR). CARE has reaffirmed the rating of “CARE A+” for long term unsecured bonds. A fresh rating was taken from Brickwork Ratings India (P) Ltd. (BWR) and SMERA. BWR has reaffirmed its rating of ‘BWR AA’ (outlook: Stable) and SMERA has assigned a rating of “SMERA AA”. The rating rationale is enclosed.

Agency Instrument type TFCI Limited
Brickwork NCD BWR AA (Stable)
SMERA NCD SMERA AA (Stable)

Brickwork: Brickwork Ratings India Pvt. Ltd.
SMERA: SMERA Ratings Ltd.
NCD: Non-Convertible Debentures

Note:

  1. The rating reflects company’s high degree of safety and timely servicing of financial obligation.
  2. Ratings by various agencies for Tourism Finance Corporation of India Ltd. are subject to regular revisions. Kindly refer to the respective agencies for the latest ratings.

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