Ashoka Buildcon receives ratings action for SPV - Ashoka Ankleshwar Manubar Expressway

From ICRA

Ashoka Buildcon announced that ICRA has upgraded the Credit Ratings for Long Term - Fund Based - Term Loan of Ashoka Ankleshwar Manubar Expressway (SPV), a wholly owned subsidiary of Ashoka Concessions, a subsidiary of the Company as follows:

The ICRA has assigned the Credit Rating for Long Term - Fund Based - Term Loan as [ICRA] AAA upgraded from [ICRA] AA; Outlook revised to stable from Positive.

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