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 |
|
|
|
| Securitization Pool |
AAA (SO) |
CRISIL/CARE |
| Commercial
Paper / Short Term Debt (Maturity - 90 days) |
PR1+ |
CARE |
| Commercial
Paper / Short Term Debt (Maturity - 1 year) |
PR1+ |
CARE |
| Unsecured Long Term Borrowings |
AA |
CARE |
| Secured
Redeemable Long Term Bond / Note |
AA |
CARE |
| Unsecured Subordinated Tier II Bonds |
AA- |
CARE |
| Perpetual Debt Instrument |
A+ |
CARE |
|
The CP/Short Term Debt for Rs. 850 cr of PR1+ denotes the highest safety, implying a superior capacity for repayment and a leading market position in established industries.
|