ICRA rates Trident Sugars' term loans, bank lines at LBBB(SO).

(ADPnews) - Aug 24, 2010 - Indian credit rating agency ICRA rated yesterday at LBBB(SO) with a "stable" outlook the term loans and cash credit limits of local Trident Sugars Ltd.

ICRA has factored in the corporate guarantee extended by Rajshree Sugars and Chemicals Ltd (BOM:500354) for the bank facilities of the company. The guarantee covers the principal and interest payment obligations on the rated debt.

The LBBB(SO) rating addresses the servicing of the loan to happen as per the terms of the underlying loan and …