Exim Bank’s bond issue rated ‘AAA’
27 Nov 2002
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Mumbai: The Credit Rating Information Services of India Ltd has given Exim Bank’s proposed Rs 1,000-crore bond issue an ‘AAA’rating.
An official of the bank said that the funds would be used for lending activities. “We have seen signs of pick-up in export credits. There is also demand for credit from export-oriented units,” the official said.
"The bank has already raised close to Rs 150-crore through various bond issues," the official said.
Exim Bank also had its "AAA" rating for a Rs 700-crore bond issue and a Rs 2,300-crore bond issue reaffirmed along with its "FAAA" rating on the term deposit reaffirmed.
The certificates of deposit programme was reaffirmed as "AAA" rating and the commercial paper programme received a rating of "P1+", said the release.
