CRISIL assigns highest ratings to ICICI Bank´s car loan receivables securitisation programme

CRISIL has assigned following highest ratings to ICICI Bank´s car loan receivables securitisation programme

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	Indian retail ABS Trust 65
Serie	yield terms	Issue size (Rs. mn)	Tenure (Months)	Rating Assigned**
A1	Floating*		1540.1			24		AAA(so)
A2	Fixed		 	508.5			38		AAA(so)
Total				2048.6	
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*Floating rate linked to MIBOR, with a floor and cap

** The ratings assigned are provisional. The provisional ratings would become valid once the legal documentation pertaining to the transaction is duly executed to the satisfaction of CRISIL thereafter, CRISIL will issue a compliance letter.

Source : Equity Bulls

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