JCR-VIS Credit Rating Company Limited has maintained the long-term entity rating of Escorts Investment Bank Limited (EIBL) at 'A/A-1' (single A/A-one). JCR-VIS has also maintained the rating of TFC-1 at 'A+' (single A plus).
While FY09 has been a challenging year for NBFCs, EIBL has shown considerable resilience during this period. The bank's timely actions have enabled it to mitigate heavy losses encountered by most players in capital markets.-PR