GE Lighting India Ltd (GELI)
23 Mar 2000
1
- Commercial paper programme - Rs. 6 crore Rating : P1+
A "P1+" (pronounced P one plus) rating has been assigned to Rs. 60 Million Commercial Paper Programme of GE Lighting India Limited (GELI). The rating factors the business and financial strengths of GELI arising out of a 100% ownership by its parent, General Electric Company, USA (rated AAA/Stable/A-1+ by the Standard & Poor’s), company’s access to its parent’s product portfolio and R&D strengths in the lighting industry, parent’s operational experience in diverse markets globally, in GELI’s line of business and strong demonstrated financial support to GELI in terms of regular equity infusion.
