New Delhi, April 10 -- Credit rating agency Crisil has upgraded the credit rating on the long-term debt programme of Sammaan Capital Limited (a Delhi-based non-banking financial company) to CRISIL AA (positive)/Stable, said the statement of Sammaan Capital released here on Friday.
A "Crisil AA (positive) /Stable" rating indicates a high degree of safety regarding timely servicing of financial obligations and a very low credit risk.
"Following the consummation of the preferential issue and acquisition of a controlling stake, International Holding Company (IHC) (through its owned and controlled company, Avenir Investment RSC Ltd) becomes promoter of the Company," the official statement said.
Last year, in October, IHC Group (International ...