Care Ratings assigned AA rating to the five-year bonds to be issued by Housing and Urban Development Corp (HUDCO) for raising Rs 7 billion or around $127.03 million. The base size of the issue is Rs 1.5 billion, media reports suggest. HUDCO invited bids and set a ceiling of 8.15 per cent on the coupon
Tag: CARE Ratings
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Do discoms need a bailout?
Experts debate how the franchise model in power distribution and Open Access will help or hamper the financial condition of state distribution companies.Excerpts from the 2nd Power Today Round Table.DecemberĆ¢ā¬ā¢s Rs 500 crore bailout package announced by the Delhi Government to the Reliance owned discoms in that state has proved that it wonĆ¢ā¬ā¢t just be the publicly owned ones that face financial crisis.
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India Infrastructure Finance 2010: Needed-A human face to infra lending
Infrastructure lending may need a more qualitative assessment approach, different from shorter-term, quantitatively evaluted funding, say experts.