Crisil assigns highest credit rating for Shriram Transport loan receivables

CRISIL has given following highest credit opinion for Shriram Transport Finance Company Ltd's direct assignment of loan receivables:

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Details			Yield	Cash Flows	Tenure#	Provisional Credit Opinion
			terms	(Rs mn)		(months)
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Acquirer's share		Fixed	6067.40		70	Credit opinion equivalent to a
							rating of AAA (so)
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Liquidity Facility		-	109.21		70	Credit opinion equivalent to a
							rating of AAA (so)
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Second Loss Facility	-	430.79		70	Credit opinion equivalent to a
							rating of BBB (so)
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# Actual tenure of the acquirer's payouts will depend on the prepayments in the pool.

Source : Equity Bulls

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