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Monday, May 30, 2011

Future Capital Holdings Ltd: CARE Rating

Future Capital Holdings Ltd has informed BSE that Credit Analysis & Research Ltd ("CARE"), vide its letter dated March 28, 2011, has assigned the "CARE A+" ("Single A Plus") Rating ("Rating") in respect of the long-term bank loan facilities of the Company aggregating to Rs. 850 Crores (Rupees Eight Hundred and Fifty Crores Only) having tenure of more than one year. Facilities with this rating are considered to offer adequate safety for timely servicing of debt obligations and carry low credit risk.

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