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Crisil withdraws FD rating for Times Guaranty
PRESS TRUST OF INDIA
Mumbai, Aug 11: Crisil has withdrawn its rating for the fixed deposit programme of Times Guaranty Ltd and Nucleus Securities Ltd (NSL).TGL's `FA-' rating, indicating adequate safety, has been withdrawn as the company has offered to prepay the fixed deposits, Crisil said in a release here on Friday. NSL's `FB' rating, indicating inadequate safety, has also been withdrawn as it has deposited the full outstanding amount to repay its existing fixed deposit holders, who were earlier unwilling to accept premature repayment, the release said. NSL has been deregistered as NBFC by the Reserve Bank of India and is now known as a Service Company, it added. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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