From ICRA
SRS announced that ICRA has revised its ratings to the Bank Facilities of the Company retaining the rating assigned to Fixed Deposit programme as under:
1. Long Term rating for Line of Credit (LOC) - from BBB+ to BBB
2. Short Term rating for Line of Credit (LOC) - from A2 to A3
3. Fixed Deposit - MA-
The said rating for debt facilities has been changed with negative outlook also because of long tenure of debtors. As per ICRA, there is deterioration in the ageing profile of receivables of the Company. Although, the Company has not accepted such revision in rating.
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