CARE puts SREI Infrastructure Finance Ratings under watch

SREI Infrastructure Finance Ltd has announced that Credit Analysis & Research Ltd (CARE) has vide letter dated June 01, 2007 placed the rating assigned to the following debt instrument of the Company under credit watch:

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Instrument				Rate Amount			Existing Rating
					(Rs Crore)
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NCD (I)					15				AA
NCD (II)				10				AA
NCD (III)				50				AA
NCD (IV)				50				AA
NCD (V)					50				AA
NCD (VI)				50				AA
Secured Bonds - I			50				AA
Secured Bonds - II			50				AA
FD					50				AA(FD)
Mezzanine Capital			25.0				CARE AA-
Unsecured Subordinated NCD (Tier II)	52.7				CARE AA-
STD (by earmarking bank limit)		600.0				PR1+
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Source : Equity Bulls

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