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CRISIL rating for MCH

By Our Staff Reporter

HYDERABAD, FEB. 3. The CRISIL has reviewed the financial position of the Municipal Corporation of Hyderabad (MCH) and gave it "high degree of safety" for the Rs. 82.50-crore tax-free bonds programme. After due consideration, the CRISIL has reaffirmed the double A plus rating.

According to an MCH press release, the rating reflected the strength of the enhancement mechanism provided to the instrument.

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