Mumbai, Maharashtra -- (SBWIRE) -- 04/02/2012 -- CRISIL, the nation’s leading credit rating agency has assigned a NSIC CRISIL Grade SE3C to DA SURYA SHAKTI SERVICES PVT. LTD. (DASSSPL). This grade indicates Moderate Performance Capability and Low Financial Strength. This grade indicates that the level of creditworthiness, adjudged in relation to other Small Scale Industries (SSIs) in India. This rating is valid for one year and can be exercised under any of the assigned schemes by National Small Industries Corporation Limited, New Delhi (NSIC).

The rating assigned by CRISIL proves that the company has qualified promoters with experience in similar line of business and promoters have established track record of years to survive the business cycles.

The grade is not a recommendation to buy, sell or hold the graded instrument, or a comment on the graded instrument’s future market price or its suitability for a particular investor. The grade exhibits DASSSPL position in the intensely competitive Solar Industry.

“We will keep the ratings reviewed periodically to upgrade our ratings in future,” said Mubarak Thakur, Chairman of DASSSPL.

About CRISIL Ratings
CRISIL is India's first, largest, and most prominent credit rating agency. CRISIL pioneered the concept of credit rating in India more than 20 years ago, and has played a pivotal role in the development of India's debt market. Today, CRISIL rates two-thirds of corporate bonds outstanding in India. CRISIL has also assigned more than 20,000 Small and Medium Enterprise (SME) Ratings, and has the highest number of SME ratings outstanding in India.