| Name |
Date of Rating
(Initial Rating or Annual Surveillance)* |
Instrument |
Amount |
Rating |
Rating Rationale |
Brief Rationale |
| Banyan Tree Bank Limited |
September 25, 2018 |
Fixed Deposit Programme |
USD 150 Million(equivalent to Mur 5.4 billion) |
CARE MAU BBB+; Stable [Triple B Plus; Outlook: Stable]Downgraded from CARE MAU A-; Negative[Single A minus; Outlook Negative] |
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|
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|
| Bank One Limited |
June 27, 2018 |
Issuer Rating |
N.A. |
CARE MAU A+ (Is); Stable [Single A Plus (Issuer); Outlook: Stable] |
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|
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|
| Commercial Investment Property Fund Limited |
May 30, 2018 |
Bond - Senior Tranche |
MUR 400 Million |
CARE MAU A- (SO); Stable [Single A Minus (Structured Obligation); Outlook: Stable] |
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|
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|
| CIM Finance Ltd. |
June 7, 2018 |
Proposed Short term loan |
MUR 1,000 Million |
CARE MAU A1 + (A One Plus) |
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|
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|
| Leal & Co. Limited |
May 7, 2018 |
Proposed Short-term loan – carved out of working capital facilities |
MUR 200 Million |
CARE MAU A1 +(A One plus) |
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|
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|
| CIM Finance Ltd. |
March 28, 2018 |
| Long term Bank Facilities |
MUR 1,480 Million
(enhanced from MUR 650 Million) |
CARE MAU AA; Stable [Double A; Outlook Stable] |
| Long term/Short term bank Facilities |
MUR 1,640 Million
(enhanced from MUR 350 Million) |
CARE MAU AA; Stable/ CARE MAU A1+[Double A; Outlook Stable/A One plus] |
|
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|
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|
| The Medical & Surgical Centre Limited |
March 28, 2018 |
| Term Loan |
MUR 450 Million |
CARE MAU A; Stable [Single A; Stable] |
| Long/Short term Bank Facilities |
MUR 50 Million |
CARE MAU A; Stable/ CARE MAU A1 [Single A; Stable/A One] |
|
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|
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|
| MaxCity Property Fund Limited |
March 28, 2018 |
Bond - Senior Tranche |
MUR 600 Million |
CARE MAU A (SO); Stable [Single A(Structured Obligation); Outlook: Stable] |
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|
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|
| Mara Delta Property Holdings Limited |
February 6, 2018 |
Proposed Short term Bond |
Euro 10.0 Million(MUR 380.40 Million) |
RATING WITHDRAWN |
|
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|
| CIEL Limited |
December 6, 2017 |
| Bond Issue |
MUR 1,000.05 Million |
CARE MAU AA; Stable [Double A; Outlook: Stable] |
| Long/Short term Bank Facilities |
MUR 180.00 Million |
CARE MAU AA; Stable/ CARE MAU A1+[Double A; Stable/A One plus] |
| Short term Bond issue |
MUR 1,230 Million
(reduced from MUR 1,500 Million) |
CARE MAU A1+(A One Plus) |
| Proposed Commercial Paper –(earmarked against working capital limit) |
MUR 270.00 Million |
CARE MAU A1+(A One Plus) |
| Proposed Bond Issue |
MUR 1,300 Million |
CARE MAU AA; Stable [Double A; Outlook: Stable] |
|
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|
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|
*Outlook assigned in line with recent change in policy of CRAF: Negative.
* The rating is normally valid for a period of one year from the date of our initial communication of rating to client. However, CRAF reserves the right to undertake a surveillance/review of the rating from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year.
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