Magma has the following credit ratings:
| Instrument |
Rating |
Rating Agency |
Rating under Basel II Guidelines
| Cash Credit Facilities from Banks |
| Long Term Loans from Banks |
|
|
|
| Short
Term Debt (incl. CP) (Maturity - 90 days) |
A1+ |
CARE |
| Short
Term Debt (incl. CP) (Maturity - 1 year) |
A1+ |
CARE |
| Secured
Redeemable Long Term Bond / Note |
AA+ |
CARE |
| Unsecured Subordinated Tier II Bonds |
AA |
CARE |
| Perpetual Debt Instrument |
AA- |
CARE |
| Perpetual Debt Instrument |
AA- |
BRICKWORK |
| Preference Shares |
AA |
CARE |
|
|