| Name |
Date of Rating
(Initial Rating or Annual Surveillance)* |
Instrument |
Amount |
Rating |
Rating Rationale |
Brief Rationale |
| CIEL Limited |
June 28, 2017 |
Proposed Short term Bond issue/ Short term Loan |
Mur 1,500 Million |
CARE MAU A1+ (A One Plus) |
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|
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|
| MaxCity Property Fund Limited (MPFL) |
March 31, 2017 |
Bond Issue - Senior Tranche |
Mur 600 Million |
Provisional CARE MAU A (SO); Stable [Provisional Single A (Structured Obligation); Outlook: Stable] |
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|
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|
| CIM Finance Limited |
March 31, 2017 |
Long term Bank Facilities Long term/Short term bank Facilities |
Mur 650 Million Mur 350 Million |
CARE MAU AA; Stable [Double A; Stable] CARE MAU AA; Stable/ CARE MAU A1+ [Double A; Stable/A One plus] |
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|
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|
| The Medical & Surgical Centre Limited |
March 21, 2017 |
Proposed Term Loan/ Bond Issue Long/Short term Bank Facilities - Overdraft |
Mur 450 Million Mur 50 Million |
CARE MAU A; Stable [Single A; Stable] CARE MAU A; Stable/ CARE MAU A1 [Single A; Stable/A One] |
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|
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|
| Mara Delta Property Holdings Limited |
February 7, 2017 |
Proposed Short term Bond |
Euro 10.0 Million(Mur 380.40 Million)** |
CARE MAU A2 [A TWO] |
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|
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|
| CIEL Limited |
November 25, 2016 |
Bond Long/Short term Bank Facilities |
MUR 1000.05 million
MUR 180 million |
CARE MAU AA; Stable [Double A; Stable] CARE MAU AA; Stable/ CARE MAU A1+ [Double A; Stable/A One plus |
|
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|
| Commercial Investment Property Fund Limited |
November 25, 2016 |
Bond - Senior Tranche |
MUR 400 million |
Provisional CARE MAU A- (SO); Stable [Provisional Single A Minus (Structured Obligation); Outlook: Stable] |
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|
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|
| BanyanTree Bank Limited |
November 25, 2016 |
Fixed Deposit Programme |
USD 150 Million (equivalent to MUR 5.4 Billion)(enhanced from USD 100 Million) |
CARE MAU A-*(Single A minus) |
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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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