LIVE MARKET TRACKER :   BSE SENSEX   29220.12      |    NSE NIFTY 8844.60    
GLOBAL MARKETS :  NASDAQ 4963.528   -0.49%    |    FSI London 6946.66   -0.04%    |    NIKKEI Japan 18797.939   +0.06%
  USD GBP EUR CAD AUD INR
USD - 0.6479 0.8935 1.2496 1.2798 61.815
GBP 1.5436 - 1.3793 1.9289 1.9755 95.4189
EUR 1.1192 0.7251 - 1.3986 1.4323 69.1846
CAD 0.8003 0.5185 0.7151 - 1.0242 49.4702
AUD 0.7816 0.5064 0.6984 0.9767 - 48.3146
INR 0.0162 0.0105 0.0145 0.0203 0.0208 -
Indian-Commodity  :  Investment  :  ICRA assigns conditional rating to PTC's backed by Cholamandalam Investment's originated loan receivables

ICRA assigns conditional rating to PTC's backed by Cholamandalam Investment's originated loan receivables (14-Dec-2012)

ICRA has assigned a conditional 'AAA(SO)' rating to PTC's backed by a Rs 387.02 crore (principal outstanding) Commercial Vehicle (CV) loan receivables originated by Cholamandalam Investment & Finance company (CIFCL). The conditional rating is based on the strength of cash flows from the selected pool of contracts, CIFCL's track record in the CV loan business, the available credit enhancement in the form of cash collateral and subordination of Excess Interest Spread (EIS), and the integrity of the legal structure. 

According to the transaction structure, the loan pool receivables will be transferred 'at par' to a Special Purpose Vehicle (SPV) and the Trust will issue a single series of PTCs, backed by the same. The first line of support for meeting any shortfall in meeting the scheduled PTC Payouts is the subordination of EIS in the structure. Further credit support in the transaction is available through a Cash Collateral (CC) of 9.00% of the pool principal.

CIFCL is an Asset Finance Company (AFC) based out of Chennai and part of Murugappa group of companies. Incorporated in 1978, CIFCL initially had a strong presence in Southern region but has subsequently widened its base to Northern and Western regions.


Top News Today
S&P sharply revises India's growth forecast for the next several years
(27-Feb-2015)

S&P sharply revises IndiaGiving a shot in arm to the government, the global rating agency Standard & Poor's (S&P) has sharply revised India's growth forecast for the next several years to reflect a recent change......click on news to read complete article.

BEL, Rolta India, NTPC and Bajaj Auto to see some action today
(27-Feb-2015)

BEL, Rolta India, NTPC and Bajaj Auto to see some action todayA Bharat Electronics (BEL)-Rolta India consortium has bagged the Ministry of Defence's (MoD) development agency order for the Battlefield Management System (BMS) project, worth over Rs 50,000 crore. The......click on news to read complete article.

PNGRB recommends lower marketing margin on gas
(26-Feb-2015)

PNGRB recommends lower marketing margin on gasOil regulator, the Petroleum and Natural Gas Regulatory Board (PNGRB) has recommended a range of Rs 150-200 per thousand cubic meters of gas ($ 0.115 per million British thermal unit) as a marketing margin......click on news to read complete article.

International Stock News
US markets closed mostly lower; Nasdaq ends in green
(27-Feb-2015)

US markets closed mostly lower; Nasdaq ends in greenThe US markets closed mostly lower on Thursday, as downbeat economic reports and selling pressure from the energy sector weighed on the benchmarks. The markets are still reeling under many risks, such......click on news to read complete article.

US markets closed mostly lower; Dow ekes out modest gains
(26-Feb-2015)

US markets closed mostly lower; Dow ekes out modest gainsThe US markets closed mostly lower on Wednesday, while the Dow Jones Industrial Average eked out a small gain to close at a fresh record. Federal Reserve Chairwoman Janet Yellen's second-day testimony......click on news to read complete article.

US markets closed higher after Yellen testimony
(25-Feb-2015)

US markets closed higher after Yellen testimonyThe US markets closed higher on Tuesday, as the market read Federal Reserve Chairwoman Janet Yellen's testimony before Congress as a reassurance that a rate hike might not occur until the second half of......click on news to read complete article.

 

     
  
Recent Investment News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.