New Delhi, May 13 -- : CARE Ratings Limited has upgraded the credit rating assigned to the long-term debt programme of Samaan Capital Limited to "CARE AA (positive); Stable," the company informed in a stock filing on Wednesday.
The rating assigned to the Commercial Paper and Short-term non-convertible debentures of the company has been reaffirmed at "CARE A1 (positive)." It has also upgraded the rating assigned to the company's perpetual debt instruments to "CARE AA/Stable" from "CARE A (positive)."Behind the upgradation of ratings, the rating agency pointed out reasons like the strategic importance of the SCL roadmap in the IHCs roadmap for its financial services business in India.
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