
108 India’s Financial Markets
TABLE 6.11 Corporate Debt and Their Issuers, 1995–2005
Rs. billion
Issuer 1996–1997 2000–2001 2004–2005
Public Sector Companies 165.8 432.9 451.9
State Level Undertakings 27.3 113.1 35.2
Municipalities 0 1.2 1.3
Private Firms (All) 18.1 91.7 101.9
Private Firms (Nonfinancial) 11.3 67.4 53.5
Public issues of bonds 70.2 41.4 41.0
TABLE 6.12 Size of Outstanding Corporate Bonds, Corporate Structured
Obligations and Their Related Credit Rating, Aug. 2005
Corporate bonds Structured obligations
Issue size Issue size
Rating class Bond / SO No. of issues (Rs. billion) No. of issues (Rs. billion)
AAA
4
/MAAA
5
955 926.09 19 31.16
AA+/LAA+/MAA+ ...