2 hrs ago
Uno Minda Receives India Ratings’ IND A1+ Commercial Paper Rating
Uno Minda received a credit rating for its commercial papers.
The rating was given by India Ratings and Research.
The rating is called IND A1+.
Uno Minda shared the rating letter and said it would post the information online.
The letter was dated September 11.
India Ratings said ratings are based on information from companies, underwriters and other sources.
The agency also said ratings are predictions that can change when future events differ from expectations.
The rating is valid for a limited period and will be reviewed regularly.
Uno Minda received an IND A1+ credit rating from India Ratings and Research for its commercial papers.
The company said it enclosed the rating letter and would upload the information on its website.
The rating letter was dated September 11 and addressed to Uno Minda CFO Sunil Bohra.
India Ratings said its ratings rely on issuer, underwriter and other credible information sources.
The rating is valid for 60 days before issuance and up to one year after issuance, subject to continuing review.
- Who
- Uno Minda and India Ratings and Research.
- What
- India Ratings and Research assigned Uno Minda an IND A1+ rating for its commercial papers.
- Where
- The information was disclosed by Uno Minda and is to be uploaded on its website; no physical location was specified.
- When
- The rating letter was dated September 11; its year was not specified.
- Why
- The rating was issued for Uno Minda’s commercial paper issuance; the articles did not state a specific rating rationale.
Key facts
- Company
- Uno Minda
- Rating agency
- India Ratings and Research
- Credit rating
- IND A1+
- Instrument
- Commercial papers
- Rating letter date
- September 11
- Pre-issuance validity
- 60 calendar days from the letter date
- Post-issuance validity
- Up to one year from the date of issuance, subject to continuing review
Sources
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