CARE rates long-term bank facilities of Bengal India Global Infrastructure at BBB-.

(ADPnews) - Feb 16, 2011 - India's CARE yesterday assigned a BBB- rating to the long-term bank facilities of Bengal India Global Infrastructure Ltd, while retaining the short-term bank facilities of the company at PR3+.

The agency issued the following press release:

Ratings

Facilities/Instruments Amount (Rs. crore) Ratings Remarks

Long-term Bank Facilities 110.0 aCARE BBB-' (Triple B minus) Assigned

Short-term Bank Facilities 485.0 aPR3+' (PR Three plus) Retained

(reduced from 595.0)

Total Facilities 595.0

Rating Rationale

The above ratings continue to draw strength from long experience of the …