New Delhi, Sept 25: ICRA has assigned highest grade rating to a scheme of Birla Sun Life and short term debts of Ghaghara Sugar Ltd and Global Trade Finance. Birla cash plus fund was assigned "MFAAA" by the rating agency on account of the high exposure of the fund in "A1+" rated debt papers, effective liquidity management and conservative management practices, ICRA said in a release. ICRA also assigned "A1+" to the 25 crore commercial paper issue of Ghaghara Sugar, which is backed by an unconditional financial guarantee of DCM Shriram Consolidated Ltd.

ICRA also retained the "A1+" rating of global trade finance short term debt paper worth Rs 20 crore. Bureau Report