Crisil assigns, reaffirms ratings of Power Grid Corporation

CRISIL has assigned / reaffirmed following ratings for Power Grid Corporation's Rs 13 bn Bond Programme, as under:

Rs 13 Billion Bonds Programme : AAA / Stable (Assigned)

Rs 25.10 Billion Bonds Programme : AAA / Stable (Reaffirmed)

Rs 19.99* Billion Bonds Programme (Series XVII & XVIII) : AAA / Stable (Reaffirmed)

Rs 7.50* Billion Bonds Programme (Series XVI) : AAA / Stable (Reaffirmed)

Rs 14.82* Billion Bonds Programme (Series XIV & XV) : AAA / Stable (Reaffirmed)

Rs 17.06* Billion Bonds Programme (Series XI,XII & XIII) : AAA / Stable (Reaffirmed)

Rs 10.38* Billion Bonds Programme (Series IX & X) : AAA / Stable (Reaffirmed)

Rs 6.50 Billion Short Term Debt Programme : P1+ (Reaffirmed)

* Outstanding amount as on March 31, 2006

Source : Equity Bulls

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