CARE reaffirms Commercial Paper programme rating of Edelweiss Financial Services Ltd

Care Ratings Limited (CARE) has reaffirmed the credit rating of 'CARE A1+' assigned to Commercial Paper programme of Rs. 6,350 crores of Edelweiss Financial Services Limited.

Instruments with 'CARE A1' are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk. The rating remains unutilised.

[The modifier"+" (plus) or "-"(minus) reflect the comparative standing within the category]

Shares of Edelweiss Financial Services Ltd. was last trading in BSE at Rs.62.8 as compared to the previous close of Rs. 62.95. The total number of shares traded during the day was 27749 in over 346 trades.

The stock hit an intraday high of Rs. 64.85 and intraday low of 61.95. The net turnover during the day was Rs. 1755766.

Source : Equity Bulls

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