Crisil upgrades TI NCDs
Mumbai: Crisil has upgraded Tube Investments of India's Rs 32.91-crore non-convertible debenture issue from AA- to AA (high safety). It has also given an FAA+ rating (high safety with relatively higher standing within the category) to the company's fixed deposit programme.

Crisil also reaffirmed the P1 (very strong with relatively higher standing within the category) rating to the commercial paper programme of the company for an enhanced amount of Rs 75 crore and assigned an AA rating for its Rs 25-crore NCD issue.
Back to News Review index page

New York bourse may go public
New York: The New York Stock Exchange says it plans to go public by November 1999, taking advantage of the prevailing bull market in the US. This will mean that any investor will be able to buy shares in the 207-year-old Wall Street institution.

"The competitive environment is such that we believe it makes sense for us to be a publicly traded company," a spokesman for the exchange said.

Currently the US stock markets are privately held, but that could change soon. The National Association of Securities Dealers, owners of the Nasdaq, has said it is taking steps towards a possible IPO.

The Australian Stock Exchange trades on its own bourse and publicly traded Sweden's OM Group owns the Stockholm Stock Exchange.
Back to News Review index page