Credit Rating
EXECUTIVE SUMMARY
SURVEILLANCE RATING
OF
INDUSTRIAL AND INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED
|
Declaration Date |
13.01.2022 |
26.11.2020 |
|
Long Term Entity Rating |
AA (Double A) |
AA+ (Double A Plus) |
|
Short Term Entity Rating |
ST-1 |
ST-1 |
|
Outlook |
Developing |
Stable |
|
Expiry Date |
10.02.2023 |
25.11.2021 |
|
Declaration Date |
13.01.2022 |
|
Long Term Entity Rating |
AA (Double A) |
|
Short Term Entity Rating |
ST-1 |
|
Outlook |
Developing |
|
Expiry Date |
10.02.2023 |
RATING BASIS
Ratings are based on last five years' Audited Financial Statements up to December 31, 2020 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 ) 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
Developing indicates that the ratings may be raised, lowered or remain unchanged depending on changes in the performance indicators.