From Brickwork Ratings India
Mukand announced that the Company is proposing to invite and accept fixed deposits from its members upto Rs. 115.48 crore pursuant to the provisions of the Companies Act, 2013 and rules framed thereunder. The credit rating agency, Brickwork Ratings India vide its letter dt. October 16, 2015 has assigned rating BWR FBB (Pronounced as BWR F Double B) Outlook : Stable to the aforesaid Fixed Deposit Programme of the Company.The aforesaid rating agency also vide its letter dated 16 October 2015, based on Mid Term Rating Review of Bank Loan Facilities amounting to Rs. 1,565.02 crore has revised the rating from BWR B to BWR BB (Pronounced BWR Double B) Outlook : Stable for Long Term facilities amounting to Rs. 1,055.02 crore and has reaffirmed the rating BWR A4(Pronounced BWR A Four) for Short term facilities amounting to Rs. 510 crore availed/to be availed by the Company.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app