India Ratings and Research (Ind-Ra) has upgraded Minda Corporation’s Long Term Issuer Rating to ‘AA-’ from ‘A+’. Rating upgrade highlights strengthening of the business portfolio and financials of Minda Corporation largely aided by a growth in its core business, both domestic and exports. The company has also increased its focus on technological driven products like … Read more
CARE Ratings has reaffirmed stable outlook credit rating for Jindal Power, a subsidiary of Jindal Steel and Power (JSPL). The rating agency has reaffirmed stable outlook credit rating of ‘A-‘ to Jindal Power which operates the 3400 MW OP Jindal Super Thermal Power Plant at Tamnar, in the state of Chhattisgarh. The reaffirmation of the rating … Read more
Credit rating agency, CARE has revised the ratings assigned to Eros International Media’s bank facilities. The agency has revised rating of long term bank facilities worth Rs 563 crore to ‘BBB-/Stable’ from ‘BBB+’. The rating agency also revised rating of short term bank facilities worth Rs 187 crore to ‘A3’ from ‘A3+’. Eros International Media … Read more