Date:05/11/2008 URL: http://www.thehindu.com/2008/11/05/stories/2008110552091700.htm

Business - Briefly

Fitch rating for Rs. 600-crore TNEB bond

CHENNAI: Fitch Ratings has assigned ‘A(ind)(SO)’ national rating to the Rs. 600 crore long-term bond (redeemable non-convertible taxable bonds) programme of Tamil Nadu Electricity Board (TNEB). The programme is expected to help finance part of TNEB’s business plan , according to a release.