New Delhi, Dec 08: Credit rating agency Icra today suspended the 'MD' rating assigned to fixed deposits (FD) of Tulunadu Finance and Developments. The rating had been suspended on the request from the company as it was not using the rating, an Icra statement said here.
In another exercise, Icra also withdrew the 'MA+' rating given to the FD of Tamil Nadu Petroproducts since the company had stopped accepting fresh deposits.
Moreover, the company had repaid most of the outstanding deposits to the depositors, Icra said adding that the remaining deposits were marginal and had matured but unclaimed by the depositors.
Bureau Report