CREDIT RATING : CARE RATINGS - One of India’s Premier Credit Rating Agency

CARE assigns ‘A+’ and ‘PR1’ rating to the Bank Facilities and CP Programme of Essar Shipping, Ports & Logistics Ltd. CARE assigns ‘A’ rating to the Bank Facilities & Bond issue of West Bengal State Electricity Transmission Co. Ltd. CARE assigns ‘A-’ and ‘PR2+’ ratings to the Bank Facilities of Savex Computers Ltd. CARE assigns ‘AA-’ rating to the Bank Facilities of Mercator Lines (Singapore) Ltd. CARE assigns ‘PR1+(SO)’ rating to the Bank Facilities of Mercator Offshore Ltd. CARE assigns ‘BBB’ & ‘PR3’ ratings to Bank Loan Facilities of Maithan Ceramic Ltd. CARE assigns ‘AA- (SO)’ rating to the Bank Facilities of Aditya Birla Telecom Ltd. CARE reaffirms ratings assigned to the Bank Facilities of Idea Cellular Ltd. CARE reaffirms ratings assigned to the Bank Facilities of Maharashtra State Power Generation Co. Ltd CARE assigns ‘BBB+’ and ‘PR2’ ratings to the Bank Facilities of Energy Development Co. Ltd.





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Credit Analysis & Research Ltd. (CARE Ratings) is a full service rating company that offers a wide range of rating and grading services across sectors. CARE has an unparallel depth of expertise. CARE Ratings methodologies are in line with the best international practices.

CARE Ratings has completed over 5846 rating assignments having aggregate value of about Rs.16,594 bn (as at March 31, 2009), since its inception in April 1993. CARE is recognised by Securities and Exchange Board of India (Sebi), Government of India (GoI) and Reserve Bank of India (RBI) etc.

CARE has seven offices in India located at - Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore and Ahmedabad.

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