Capri Global Capital Limited has received a credit rating of ‘IVR AA+/Stable’ from Infomerics Valuation and Rating Limited for its proposed issuance of ₹300 crore in subordinated non-convertible debentures. This rating signifies a positive outlook for the company’s financial instruments, indicating strong capacity to meet financial commitments on these debentures.
Credit Rating Assigned for Debt Issuance
Capri Global Capital Limited has secured a favorable credit rating for its upcoming debt issuance. The rating agency, Infomerics Valuation and Rating Limited, has assigned a rating of ‘IVR AA+/Stable’ to the company’s proposed ₹300 crore issuance of subordinated non-convertible debentures (NCDs).
Positive Financial Outlook
The ‘AA+/Stable’ rating, which translates to ‘Double A Positive with a stable outlook’, suggests that Infomerics has a high degree of confidence in Capri Global Capital Limited’s ability to meet its financial obligations related to these debentures. This positive rating is expected to enhance the attractiveness of the issuance to potential investors and may facilitate more favorable borrowing terms for the company.
Details of the Issuance
The proposed issuance consists of subordinated non-convertible debentures totaling ₹300.00 crore. The rationale behind this rating will be published by Infomerics on their official website. This development is a key indicator of the company’s financial health and its capacity for raising capital through debt instruments.
Source: BSE
