Credit Rating

EXECUTIVE SUMMARY

SURVEILLANCE RATING

OF

INDUSTRIAL AND INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED

Declaration Date

26.11.2020

26.06.2019

Long Term Entity Rating

AA+ (Double A Plus)

AA+ (Double A Plus)

Short Term Entity Rating

ST-1

ST-1

Outlook

Stable

Stable

Expiry Date

25.11.2021

25.06.2020

 

Declaration Date

26.11.2020

Long Term Entity Rating

AA+ (Double A Plus)

Short Term Entity Rating

ST-1

Outlook

Stable

Expiry Date

25.11.2021

 

RATING BASIS

Ratings are based on last three years' Audited Financial Statements up to December 31, 2019 along with the other relevant Quantitative as well as Qualitative information provided by the Client up to the Date of Rating Declaration. NCR has followed Financial Institutions (Bank/NBFI) Rating Methodology as published on its website: www.ncrbd.com.

RATING DEFINATION

AA+ (Double A Plus) rating in the long term indicates very strong capacity for timely servicing of financial obligations offering high safety. Such institutions carry very low risk.

ST-1 rating in the short term indicates strongest capacity for timely payment of financial commitments and carries lowest credit risk.

DEFINITION OF OUTLOOK

Stable indicates that the ratings may remain unchanged as existing fundamentals may remain unchanged in near future.