CARE assigns 'PR1' Rating for Alok Industries CP program

Alok Industries Ltd has announced that Credit Analysis & Research Ltd (CARE) have vide their letter dated May 18, 2007 revalidated a 'PR1' (PR One) rating for the Company's Commercial Paper program / MIBOR linked to the short term Non-Convertible Debentures / other short term instruments for an amount of Rs 200 crore (size enhanced from Rs 100 crore) for a maturity upto 3 months. The said rating is valid for a period of one year from the date of their captioned letter.

Source : Equity Bulls

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