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Tag Archives: CRISIL

CRISIL affirms default ‘D’ rating to Lanco Infratech for bank loans

Rating agency CRISIL has affirmed the default ‘D’ rating for bank loans to Lanco Infratech, a debt-laden construction company against whom lenders have begun insolvency proceedings. The rating continues to reflect delays in meeting debt obligations. The delays were due to weak liquidity, and the rating is based on limited ... Read More »

CRISIL assigns fundamental grade ‘3/5’ to Trident

Credit rating agency, CRISIL has assigned the fundamental grade ‘3/5’ to Trident. The grade indicates that the company’s fundamentals are ‘good’ relative to other listed equity securities in India. Moreover, the rating agency has assigned a valuation grade of ‘4/5’ indicating that market price has ‘upside’ from the current levels. ... Read More »

CRISIL upgrades rating of Trident’s long term bank facilities

Credit rating agency CRISIL has upgraded rating of Trident’s long term bank facilities to ‘A+/Stable’ from ‘A/Stable’. The rating agency has reaffirmed the company’s short term bank facilities at ‘A1’. Trident is one of the largest exporters of Home Textile products from India. The company exports to more than 100 ... Read More »

IndusInd Bank to raise Rs 1000 crore on private placement basis

IndusInd Bank has received its board’s approval for issuance of Rated, Listed, Non-Convertible, Perpetual Subordinated Unsecured Basel III Compliant Bonds in the nature of Debentures towards non-equity regulatory Additional Tier 1 Capital (AT1 Bonds), for Face Value of Rs 10 lakh each for cash aggregating to Rs 1,000 crore on ... Read More »