Date:21/07/2006 URL: http://www.thehindubusinessline.com/2006/07/21/stories/2006072102420900.htm

Back NCDEX gets `CCR AA' rating

Our Bureau

Mumbai, July 20

Crisil has assigned a `CCR AA' rating to National Commodity and Derivatives Exchange Ltd (NCDEX). This is the first credit rating assigned to an Indian exchange.

The `CCR AA' indicates high degree of strength with regard to honouring debt obligations. However, it is not a rating of a debt instrument of NCDEX, Crisil said in a statement.Crisil has a 12 per cent equity stake in NCDEX and the boards of directors of Crisil and NCDEX have a common Chairman and Director.