--Crisil Rates Foreign Currency Term Loan of Techno Electric & Engineering at Aa-

M2 Banking & Credit News › February 28, 2011

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BANKING AND CREDIT NEWS-February 28, 2011--CRISIL rates foreign currency term loan of Techno Electric & Engineering at AA-

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--Crisil Rates Foreign Currency Term Loan of Techno Electric & Engineering at Aa-

28 February 2011 - Indian rating agency CRISIL on Friday assigned an AA-/"negative" rating to a foreign currency term loan of Techno Electric & Engineering Co Ltd, while rating a bill discounting of the company at P1+.

The agency issued the following press release:

Rs.500.0 Million Non Convertible Debentures AA-/Negative (Reaffirmed)

Rs.5.0 Million Overdraft Limits AA-/Negative (Reaffirmed)

Rs.400.0 Million Working Capital Demand Loan (WCDL)/ (FCNRB) AA-/ Negative (Reaffirmed)

Rs.1000.0...

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