IL&FS Transportation Networks gets revision in credit ratings

From CARE Ratings

IL&FS Transportation Networks has received revision in credit ratings from CARE Ratings as under -

Long term bank facilities (Rs 1741.50 crore) - CARE A-; Negative (Revised from CARE A; Negative)

Short term bank facilities (Rs 230 crore) - CARE A2+ (Revised from CARE A1)

Long/ short term bank facilities (Rs 890 crore) - CARE A-; Negative/CARE A2+ (Revised from CARE A; Negative/ CARE A1)

Non convertible debentures (Rs 925 crore) - CARE A-; Negative (Revised from CARE A; Negative)

Commercial papers (Rs 750 crore) - CARE A2+ (Revised from CARE A1)

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